The Sherwin-Williams Company $SHW Shares Acquired by Trueblood Wealth Management LLC

Key Points

• Trueblood Wealth Management LLC increased its stake in Sherwin-Williams by 35.5%, acquiring 750 additional shares during the second quarter, bringing their total to 2,860 shares valued at approximately $982,000.
• Sherwin-Williams reported a missed earnings estimate with a quarterly EPS of $3.38, falling short of the analysts' consensus of $3.76, while the company had a revenue of $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, representing a 0.9% annualized yield, with a payout ratio of 31.35%.

Trueblood Wealth Management LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,860 shares of the specialty chemicals company's stock after acquiring an additional 750 shares during the quarter. Trueblood Wealth Management LLC's holdings in Sherwin-Williams were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after acquiring an additional 39 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the first quarter valued at about $515,000. Kingswood Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams during the first quarter valued at about $306,000. Finally, Moody Lynn & Lieberson LLC increased its position in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after acquiring an additional 11,828 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $336.93 on Tuesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market cap of $84.01 billion, a PE ratio of 33.43, a P/E/G ratio of 2.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The business has a 50-day simple moving average of $355.12 and a 200-day simple moving average of $348.70.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the firm posted $3.70 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SHW shares. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho dropped their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.93.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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