SG Americas Securities LLC Buys 23,708 Shares of The Sherwin-Williams Company $SHW

SG Americas Securities LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 77.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 54,424 shares of the specialty chemicals company’s stock after purchasing an additional 23,708 shares during the quarter. SG Americas Securities LLC’s holdings in Sherwin-Williams were worth $18,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares in the last quarter. Larson Financial Group LLC raised its holdings in Sherwin-Williams by 35.7% in the 1st quarter. Larson Financial Group LLC now owns 913 shares of the specialty chemicals company’s stock valued at $319,000 after acquiring an additional 240 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Sherwin-Williams by 77.5% during the 1st quarter. Diversify Advisory Services LLC now owns 1,280 shares of the specialty chemicals company’s stock valued at $446,000 after acquiring an additional 559 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Sherwin-Williams by 3.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 10,703 shares of the specialty chemicals company’s stock worth $3,737,000 after purchasing an additional 348 shares in the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of Sherwin-Williams by 7.8% in the first quarter. Copperwynd Financial LLC now owns 2,954 shares of the specialty chemicals company’s stock worth $1,031,000 after purchasing an additional 214 shares during the period. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Evercore ISI upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. BMO Capital Markets reduced their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. UBS Group reissued a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Finally, Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock 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 five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Down 2.0%

Shares of SHW stock opened at $332.11 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $82.33 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock’s fifty day simple moving average is $343.11 and its 200 day simple moving average is $349.13.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the business posted $3.37 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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 paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.83%.

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.