Nations Financial Group Inc. IA ADV Invests $826,000 in The Sherwin-Williams Company $SHW

Nations Financial Group Inc. IA ADV bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,386 shares of the specialty chemicals company’s stock, valued at approximately $826,000.

A number of other hedge funds have also recently bought and sold shares of SHW. MTM Investment Management LLC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $26,000. Valley National Advisers Inc. raised its holdings in shares of 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 purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams during the second quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC bought a new stake in Sherwin-Williams during the second quarter worth approximately $36,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their price target for the company from $392.00 to $390.00 in a report on Thursday, December 18th. Bank of America cut their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $415.00 price objective (down from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.44.

Sherwin-Williams Stock Up 0.5%

NYSE:SHW opened at $358.04 on Monday. The business’s fifty day moving average price is $334.83 and its 200 day moving average price is $343.54. The firm has a market capitalization of $88.75 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 4.42 and a beta of 1.26. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65.

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, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the company posted $3.37 EPS. 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. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.