Vision Capital Management Inc. Boosts Stake in The Sherwin-Williams Company $SHW

Key Points

• Vision Capital Management Inc. increased its stake in The Sherwin-Williams Company by 4.5% during the second quarter, owning 34,409 shares valued at approximately $11.8 million.
• The specialty chemicals company reported an EPS of $3.38 for the quarter, missing estimates, with a revenue of $6.31 billion.
• Analysts have set a consensus target price for Sherwin-Williams at $387.27, with a mix of ratings including one Strong Buy and ten Buy ratings.

Vision Capital Management Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,409 shares of the specialty chemicals company's stock after buying an additional 1,472 shares during the quarter. Sherwin-Williams accounts for approximately 1.6% of Vision Capital Management Inc.'s investment portfolio, making the stock its 15th biggest holding. Vision Capital Management Inc.'s holdings in Sherwin-Williams were worth $11,815,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Sherwin-Williams by 12.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,439 shares of the specialty chemicals company's stock worth $502,000 after purchasing an additional 161 shares during the period. Insight Wealth Strategies LLC boosted its holdings in shares of Sherwin-Williams by 1.2% in the 1st quarter. Insight Wealth Strategies LLC now owns 12,622 shares of the specialty chemicals company's stock worth $4,408,000 after buying an additional 154 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Sherwin-Williams by 26.4% during the first quarter. Versant Capital Management Inc now owns 1,439 shares of the specialty chemicals company's stock valued at $502,000 after buying an additional 301 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.8%

NYSE SHW opened at $340.38 on Friday. The firm has a market capitalization of $84.87 billion, a PE ratio of 33.77, a P/E/G ratio of 2.85 and a beta of 1.18. The stock's 50 day moving average is $354.77 and its 200 day moving average is $348.51. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

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 the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, 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 approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Wells Fargo & Company decreased their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $387.27.

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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