Fifth Third Wealth Advisors LLC Has $1.53 Million Stake in The Sherwin-Williams Company $SHW

Fifth Third Wealth Advisors LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,457 shares of the specialty chemicals company’s stock after acquiring an additional 256 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,530,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SHW. Valley National Advisers Inc. increased its holdings in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Synergy Investment Management LLC increased its holdings in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction on 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 owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly 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 owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SHW. UBS Group reissued a “buy” rating and issued a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Finally, Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $387.60.

Sherwin-Williams Price Performance

SHW opened at $332.51 on Friday. The company has a fifty day moving average price of $355.02 and a two-hundred day moving average price of $348.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a market capitalization of $82.90 billion, a PE ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20.

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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the firm posted $3.70 EPS. Sherwin-Williams’s revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams 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.