Valley National Advisers Inc. Grows Stock Position in The Sherwin-Williams Company $SHW

Valley National Advisers Inc. raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 68.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 84 shares of the specialty chemicals company’s stock after acquiring an additional 34 shares during the quarter. Valley National Advisers Inc.’s holdings in Sherwin-Williams were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SHW. 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 during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at about $30,000. Saudi Central Bank acquired a new position in shares of Sherwin-Williams in the first quarter valued at about $33,000. Flaharty Asset Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at about $33,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at about $35,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams 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 sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Down 0.1%

Shares of SHW opened at $336.51 on Wednesday. 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 Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock’s 50 day moving average is $355.10 and its two-hundred day moving average is $348.61. The firm has a market cap of $83.90 billion, a P/E ratio of 33.38, a PEG ratio of 2.80 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets dropped 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. Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a report on Monday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.93.

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.