Ancora Advisors LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,966 shares of the specialty chemicals company's stock after purchasing an additional 5,940 shares during the quarter. Ancora Advisors LLC's holdings in Sherwin-Williams were worth $7,670,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SHW. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth approximately $27,000. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the first quarter worth approximately $27,000. Synergy Investment Management LLC boosted its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $30,000. Finally, Saudi Central Bank acquired a new stake in Sherwin-Williams during the first quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Stock Down 4.1%
SHW stock traded down $15.55 during trading on Tuesday, reaching $359.68. The stock had a trading volume of 948,838 shares, compared to its average volume of 1,791,587. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $89.68 billion, a P/E ratio of 35.87, a PEG ratio of 3.09 and a beta of 1.18. The firm has a fifty day moving average price of $353.45 and a 200 day moving average price of $348.85.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. 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 analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.
Insider Transactions at Sherwin-Williams
In related news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on SHW. BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock 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 report on Tuesday, August 26th. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, UBS Group decreased their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.
Check Out Our Latest Stock Report on Sherwin-Williams
About Sherwin-Williams
(
Free Report)
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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