Callan Family Office LLC Purchases 7,404 Shares of The Sherwin-Williams Company $SHW

Callan Family Office LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 426.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,142 shares of the specialty chemicals company’s stock after acquiring an additional 7,404 shares during the period. Callan Family Office LLC’s holdings in Sherwin-Williams were worth $3,139,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SHW. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Synergy Investment Management LLC increased its position in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams during the 1st quarter valued at approximately $30,000. Saudi Central Bank bought a new position in Sherwin-Williams during the 1st quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC bought a new position in Sherwin-Williams during the 1st quarter valued at approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, Citigroup reaffirmed a “neutral” rating and set a $380.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.60.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was 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 owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% 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.

Sherwin-Williams Stock Performance

Shares of SHW opened at $332.51 on Friday. The business’s fifty day simple moving average is $355.02 and its two-hundred day simple moving average is $348.40. 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 Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a market cap of $82.90 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20.

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 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 analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the business posted $3.70 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Sherwin-Williams Company 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.