Wilmington Savings Fund Society FSB Purchases 893 Shares of The Sherwin-Williams Company $SHW

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in The Sherwin-Williams Company by 5.7%, acquiring an additional 893 shares, bringing its total to 16,595 shares valued at approximately $5.7 million.
• Several institutional investors have made significant adjustments to their positions in Sherwin-Williams, with Brighton Jones LLC increasing its stake by 73.6% in the last quarter.
• Analysts have mixed views on Sherwin-Williams, with price targets ranging from $368 to $400, and a consensus rating of "Moderate Buy" according to recent reports.

Wilmington Savings Fund Society FSB lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,595 shares of the specialty chemicals company's stock after acquiring an additional 893 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Sherwin-Williams were worth $5,698,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SHW. Brighton Jones LLC grew its stake in shares of Sherwin-Williams by 73.6% in the 4th 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 in the last quarter. GAMMA Investing LLC grew its position in Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after buying an additional 773 shares during the period. Exchange Traded Concepts LLC grew its position in Sherwin-Williams by 112.9% during the first quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company's stock valued at $167,000 after buying an additional 253 shares during the period. Sowell Financial Services LLC bought a new position in Sherwin-Williams during the first quarter valued at about $306,000. Finally, Sagespring Wealth Partners LLC grew its position in Sherwin-Williams by 10.9% during the first quarter. Sagespring Wealth Partners LLC now owns 4,748 shares of the specialty chemicals company's stock valued at $1,658,000 after buying an additional 465 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value 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. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at approximately $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. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SHW shares. 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 reduced their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a "neutral" rating for the company in a research report on Tuesday. UBS Group restated a "buy" rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $387.13.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $335.22 on Wednesday. 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 $83.58 billion, a PE ratio of 33.26, a P/E/G ratio of 2.76 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. The company has a 50-day moving average price of $354.37 and a two-hundred day moving average price of $348.31.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company's quarterly 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. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

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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