CBIZ Investment Advisory Services LLC Has $39,000 Stock Holdings in The Sherwin-Williams Company $SHW

CBIZ Investment Advisory Services LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112 shares of the specialty chemicals company’s stock after buying an additional 33 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in Sherwin-Williams were worth $39,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHW. Modern Wealth Management LLC increased its stake in Sherwin-Williams by 57.6% during the 1st quarter. Modern Wealth Management LLC now owns 1,382 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 505 shares in the last quarter. Anderson Financial Strategies LLC bought a new stake in Sherwin-Williams during the 1st quarter valued at $35,000. Strs Ohio bought a new stake in Sherwin-Williams during the 1st quarter valued at $34,157,000. Jacobi Capital Management LLC increased its stake in Sherwin-Williams by 6.2% during the 1st quarter. Jacobi Capital Management LLC now owns 2,750 shares of the specialty chemicals company’s stock valued at $960,000 after purchasing an additional 161 shares in the last quarter. Finally, Advisors Capital Management LLC increased its stake in Sherwin-Williams by 20.2% during the 1st quarter. Advisors Capital Management LLC now owns 14,987 shares of the specialty chemicals company’s stock valued at $5,233,000 after purchasing an additional 2,523 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 3.2%

Shares of NYSE:SHW opened at $368.79 on Friday. The company has a market capitalization of $91.95 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business has a fifty day moving average price of $354.04 and a two-hundred day moving average price of $349.17. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released 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). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.70 earnings per share. 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 year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SHW. Mizuho decreased their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Citigroup decreased their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, UBS Group reduced their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. One 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.27.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.