Tectonic Advisors LLC Raises Stake in The Sherwin-Williams Company $SHW

Tectonic Advisors LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,683 shares of the specialty chemicals company’s stock after purchasing an additional 71 shares during the quarter. Tectonic Advisors LLC’s holdings in Sherwin-Williams were worth $578,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. grew its holdings in shares of Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth about $515,000. Kingswood Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth about $306,000. Finally, Moody Lynn & Lieberson LLC boosted its holdings in Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after acquiring an additional 11,828 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $332.79 on Friday. The stock has a market cap of $82.98 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of $355.25 and a 200-day moving average of $348.46. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week 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 the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHW shares. UBS Group restated 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. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.93.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company’s 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 sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company’s 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 directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.