The Sherwin-Williams Company $SHW Shares Purchased by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. increased its stake in Sherwin-Williams by 95.8%, owning a total of 78,144 shares valued at approximately $26.8 million.
• Sherwin-Williams reported earnings per share (EPS) of $3.38 for the last quarter, missing analysts' expectations of $3.76, with year-over-year revenue growth of 0.6%.
• The company recently announced a quarterly dividend of $0.79, representing a yield of 1.0%, with a payout ratio of 31.35%.

Johnson Investment Counsel Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 95.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,144 shares of the specialty chemicals company's stock after buying an additional 38,228 shares during the period. Johnson Investment Counsel Inc.'s holdings in Sherwin-Williams were worth $26,832,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after purchasing an additional 32 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after purchasing an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Sherwin-Williams by 1.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after purchasing an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock worth $39,000 after purchasing an additional 33 shares during the last quarter. Finally, Beacon Financial Group grew its stake in shares of Sherwin-Williams by 5.1% in the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $332.51 on Friday. The company's 50 day moving average price is $355.02 and its 200 day moving average price is $348.43. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a market capitalization of $82.90 billion, a PE ratio of 32.99, a PEG ratio of 2.77 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.

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 net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the firm posted $3.70 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SHW shares. UBS Group reaffirmed a "buy" rating and issued a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Citigroup restated a "neutral" rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Evercore ISI boosted 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. Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Sherwin-Williams in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.60.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% 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.

About Sherwin-Williams

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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