Independent Financial Group LLC Takes Position in The Sherwin-Williams Company $SHW

Independent Financial Group LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,788 shares of the specialty chemicals company’s stock, valued at approximately $1,535,000.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Sherwin-Williams by 73.6% during the fourth 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. Empowered Funds LLC lifted its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares during the last quarter. Jump Financial LLC purchased a new position in Sherwin-Williams in the second quarter worth approximately $1,210,000. Sei Investments Co. grew its holdings in Sherwin-Williams by 43.6% during the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after acquiring an additional 59,831 shares in the last quarter. Finally, Glenview Trust co grew its holdings in Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.1%

Shares of NYSE:SHW opened at $331.57 on Monday. The company has a market capitalization of $81.78 billion, a PE ratio of 31.82, a P/E/G ratio of 2.86 and a beta of 1.10. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The firm has a 50 day simple moving average of $319.72 and a 200-day simple moving average of $332.53.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same period last year, the firm posted $2.25 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHW shares. Citigroup initiated coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Weiss Ratings downgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. BMO Capital Markets lifted their price target on Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $374.38.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.