The Sherwin-Williams Company $SHW Shares Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 33.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 984 shares of the specialty chemicals company’s stock after acquiring an additional 248 shares during the period. Childress Capital Advisors LLC’s holdings in Sherwin-Williams were worth $338,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. PFG Investments LLC increased its holdings in shares of Sherwin-Williams by 7.8% in the 2nd quarter. PFG Investments LLC now owns 688 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 50 shares during the period. Truist Financial Corp increased its holdings in shares of Sherwin-Williams by 1.7% in the 2nd quarter. Truist Financial Corp now owns 48,053 shares of the specialty chemicals company’s stock worth $16,500,000 after acquiring an additional 826 shares during the period. Chicago Capital LLC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $664,000. Robbins Farley increased its holdings in shares of Sherwin-Williams by 1.3% in the 2nd quarter. Robbins Farley now owns 10,296 shares of the specialty chemicals company’s stock worth $3,535,000 after acquiring an additional 130 shares during the period. Finally, JLB & Associates Inc. increased its holdings in shares of Sherwin-Williams by 2.3% in the 2nd quarter. JLB & Associates Inc. now owns 38,323 shares of the specialty chemicals company’s stock worth $13,159,000 after acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm’s 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 completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 609 shares of the firm’s 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 transaction, the insider owned 17,922 shares of the company’s stock, 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. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SHW. Mizuho lowered their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Citigroup lowered their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. UBS Group lowered their target price 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. Finally, BMO Capital Markets lowered their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.27.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $341.58 on Thursday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. 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 company has a 50-day moving average of $354.90 and a 200-day moving average of $348.41. The firm has a market cap of $85.17 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business posted $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. Analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

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.