HBK Sorce Advisory LLC Boosts Holdings in The Sherwin-Williams Company $SHW

HBK Sorce Advisory LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,460 shares of the specialty chemicals company’s stock after buying an additional 55 shares during the period. HBK Sorce Advisory LLC’s holdings in Sherwin-Williams were worth $1,188,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Valley Brook Capital Group Inc. raised its stake in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after buying an additional 31 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock worth $362,000 after buying an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Sherwin-Williams by 41.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 33 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock worth $927,000 after buying an additional 33 shares in the last quarter. Finally, Beacon Financial Group raised its stake in Sherwin-Williams by 5.1% in the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 33 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $347.40 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company’s 50-day moving average is $348.85 and its 200 day moving average is $348.51. The company has a market capitalization of $86.62 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 3.26 and a beta of 1.20. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm posted $3.37 EPS. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is 30.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group reissued a “buy” rating and issued a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America decreased their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Citigroup reiterated a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $390.87.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale 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 the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.