Vest Financial LLC Increases Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Vest Financial LLC increased its stake in The Sherwin-Williams Company by **5.9%** during the second quarter, owning approximately **161,247 shares** valued at **$55,366,000**.
• Institutional investors control **77.67%** of Sherwin-Williams stock, with various firms significantly increasing their positions in the company.
• Analysts set a consensus price target of **$387.60** for Sherwin-Williams, with an overall rating of "Moderate Buy" and several analysts projecting growth following a recent quarterly earnings report.

Vest Financial LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,247 shares of the specialty chemicals company's stock after buying an additional 9,025 shares during the quarter. Vest Financial LLC owned approximately 0.06% of Sherwin-Williams worth $55,366,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SHW. Price T Rowe Associates Inc. MD grew its position in Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after buying an additional 1,505,341 shares during the period. Nuveen LLC bought a new position in Sherwin-Williams during the first quarter valued at about $265,510,000. Assenagon Asset Management S.A. grew its position in Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company's stock valued at $288,339,000 after buying an additional 719,965 shares during the period. National Bank of Canada FI grew its position in Sherwin-Williams by 223.1% during the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after buying an additional 424,930 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Sherwin-Williams by 367.9% during the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock valued at $187,590,000 after buying an additional 422,410 shares during the period. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research reports. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an "overweight" rating in a research report on Friday. Citigroup restated a "neutral" rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. BMO Capital Markets cut their target price 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. Finally, Evercore ISI increased their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.60.

Sherwin-Williams Price Performance

SHW stock opened at $332.51 on Monday. The firm has a 50 day moving average of $355.02 and a 200-day moving average of $348.45. 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 Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a market capitalization of $82.91 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business posted $3.70 earnings per share. Sherwin-Williams's 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. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of the firm'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 transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.