Welch Group LLC Purchases 892 Shares of The Sherwin-Williams Company $SHW

Key Points

• Welch Group LLC increased its stake in Sherwin-Williams by 4.1% during the second quarter, now holding a total of 22,897 shares valued at approximately $7.86 million.
• That's 77.67% of the company's stock is owned by institutional investors, indicating strong institutional interest in Sherwin-Williams.
• Analysts have varied price targets for Sherwin-Williams, with UBS Group setting a target of $400.00 and a consensus rating of "Moderate Buy" among analysts.

Welch Group LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,897 shares of the specialty chemicals company's stock after acquiring an additional 892 shares during the period. Welch Group LLC's holdings in Sherwin-Williams were worth $7,862,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after acquiring an additional 39 shares during the period. Ransom Advisory Ltd bought a new stake in Sherwin-Williams during the first quarter valued at about $515,000. Kingswood Wealth Advisors LLC boosted its holdings in 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 valued at $352,000 after acquiring an additional 201 shares during the period. Sowell Financial Services LLC bought a new stake in Sherwin-Williams during the first quarter valued at about $306,000. Finally, Moody Lynn & Lieberson LLC boosted its holdings in Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after acquiring an additional 11,828 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. UBS Group reiterated a "buy" rating and issued a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Finally, Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.60.

Sherwin-Williams Stock Performance

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

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company earned $3.70 EPS. 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 anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal 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 $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 dividend payout ratio is 31.35%.

Insider Activity

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 transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company's stock, 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 filing with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the firm'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 sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was 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.

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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