Vantage Investment Partners LLC Purchases 1,775 Shares of The Sherwin-Williams Company $SHW

Key Points

• Vantage Investment Partners LLC has increased its stake in The Sherwin-Williams Company by 8.3%, acquiring an additional 1,775 shares, bringing their total holdings to 23,128 shares valued at $7,941,000.
• Sherwin-Williams reported a $3.38 EPS for the last quarter, missing consensus estimates, with a revenue of $6.31 billion, remaining flat compared to the previous year.
• The company announced a quarterly dividend of $0.79 per share, reflecting an annual yield of 0.9% and a payout ratio of 31.35% as of the last quarter.

Vantage Investment Partners LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,128 shares of the specialty chemicals company's stock after acquiring an additional 1,775 shares during the quarter. Vantage Investment Partners LLC's holdings in Sherwin-Williams were worth $7,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. grew its stake in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after purchasing an additional 39 shares during the period. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the first quarter valued at about $515,000. Kingswood Wealth Advisors LLC raised 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 worth $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $306,000. Finally, Moody Lynn & Lieberson LLC grew its position in shares of Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after purchasing an additional 11,828 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.8%

Sherwin-Williams stock opened at $346.80 on Monday. The company's 50-day moving average price is $355.10 and its two-hundred day moving average price is $348.68. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock has a market cap of $86.47 billion, a P/E ratio of 34.40, a P/E/G ratio of 2.88 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

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

Sherwin-Williams Dividend Announcement

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

Insider Activity

In related news, 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 value of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, 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 is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHW. UBS Group cut their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Wells Fargo & Company dropped their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets reduced their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Sherwin-Williams 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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