Laurel Wealth Advisors LLC Purchases 1,028 Shares of The Sherwin-Williams Company $SHW

Laurel Wealth Advisors LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 34,266.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,031 shares of the specialty chemicals company’s stock after buying an additional 1,028 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $26,000. Valley National Advisers Inc. lifted its holdings in 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 buying an additional 34 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $31,000. Saudi Central Bank purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams during the first quarter valued at approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $343.69 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company has a market capitalization of $85.20 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $398.77. The company’s 50-day moving average is $338.63 and its 200 day moving average is $347.84.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the company posted $3.37 earnings per share. The business’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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Citigroup reissued 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, October 30th. Mizuho set a $400.00 target price on Sherwin-Williams in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $390.87.

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.