Prime Capital Investment Advisors LLC Has $1.58 Million Stake in The Sherwin-Williams Company $SHW

Prime Capital Investment Advisors LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,590 shares of the specialty chemicals company’s stock after selling 465 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Sherwin-Williams were worth $1,576,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the period. Capital Investment Advisors LLC lifted its holdings in Sherwin-Williams by 60.1% during the 1st quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company’s stock worth $412,000 after buying an additional 443 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Sherwin-Williams during the 1st quarter worth about $359,000. Wesbanco Bank Inc. lifted its holdings in Sherwin-Williams by 6.5% during the 1st quarter. Wesbanco Bank Inc. now owns 1,828 shares of the specialty chemicals company’s stock worth $638,000 after buying an additional 112 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Sherwin-Williams by 74.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the specialty chemicals company’s stock worth $2,373,000 after buying an additional 2,887 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a report on Monday. Citigroup reissued a “neutral” rating and issued a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday. Finally, Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $387.93.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $337.48 on Thursday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market capitalization of $84.14 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.80 and a beta of 1.20. The business has a 50-day simple moving average of $355.21 and a 200 day simple moving average of $348.53. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results 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 period in the previous year, the firm earned $3.70 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was 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 in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.