Creekmur Asset Management LLC Increases Holdings in The Sherwin-Williams Company $SHW

Creekmur Asset Management LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,747 shares of the specialty chemicals company’s stock after purchasing an additional 255 shares during the period. Creekmur Asset Management LLC’s holdings in Sherwin-Williams were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its position in Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after buying an additional 39 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after purchasing an additional 38,228 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Sherwin-Williams during the first quarter worth about $515,000. Moody Lynn & Lieberson LLC raised its stake in Sherwin-Williams by 138.0% during the second 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. Finally, Lindenwold Advisors INC acquired a new stake in Sherwin-Williams during the second quarter worth about $1,303,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 609 shares of the firm’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 completion of the transaction, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. This represents a 69.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.5%

Shares of NYSE:SHW opened at $347.40 on Friday. The stock has a market capitalization of $86.62 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.26 and a beta of 1.20. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company has a 50 day moving average price of $348.85 and a 200 day moving average price of $348.51.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SHW shares. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating and set a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

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.