Cim LLC Purchases 200 Shares of The Sherwin-Williams Company $SHW

Cim LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,528 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the period. Cim LLC’s holdings in Sherwin-Williams were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SHW. Brighton Jones LLC increased its stake in 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 acquiring an additional 655 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sherwin-Williams by 57.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,472 shares of the specialty chemicals company’s stock worth $13,078,000 after acquiring an additional 14,011 shares during the period. Nuveen Asset Management LLC increased its stake in Sherwin-Williams by 8.7% during the 4th quarter. Nuveen Asset Management LLC now owns 808,474 shares of the specialty chemicals company’s stock worth $274,825,000 after acquiring an additional 64,631 shares during the period. NorthRock Partners LLC increased its stake in Sherwin-Williams by 95.7% during the 4th quarter. NorthRock Partners LLC now owns 3,345 shares of the specialty chemicals company’s stock worth $1,137,000 after acquiring an additional 1,636 shares during the period. Finally, Nomura Holdings Inc. increased its stake in Sherwin-Williams by 1,322.2% during the 4th quarter. Nomura Holdings Inc. now owns 51,868 shares of the specialty chemicals company’s stock worth $17,631,000 after acquiring an additional 48,221 shares during the period. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. UBS Group lowered their price objective on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their target price on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Citigroup reduced their target price on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.27.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction 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 owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction 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 trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 3.2%

Shares of SHW stock opened at $368.79 on Friday. The stock’s fifty day moving average price is $354.04 and its two-hundred day moving average price is $349.17. The company has a market cap of $91.95 billion, a PE ratio of 36.59, a P/E/G ratio of 2.97 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

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.