Milestone Asset Management LLC Makes New $3.15 Million Investment in The Sherwin-Williams Company $SHW

Milestone Asset Management LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,753 shares of the specialty chemicals company’s stock, valued at approximately $3,153,000.

Other large investors also recently added to or reduced their stakes in the company. GK Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter valued at $25,000. Wilkerson Advisory Group LLC grew its position in shares of Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Montgomery Financial Services LLC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $28,000. Finally, Tacita Capital Inc purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SHW. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, August 24th. BNP Paribas Exane raised their price target on shares of Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Melius Research started coverage on Sherwin-Williams in a report on Tuesday, October 6th. They issued a “hold” rating and a $367.00 price objective on the stock. Bank of America lifted their price objective on Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $382.08.

Insider Activity

In related news, insider Justin Binns sold 13,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Up 3.8%

NYSE SHW opened at $336.77 on Friday. The business has a fifty day moving average price of $334.16 and a 200 day moving average price of $328.29. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market cap of $81.76 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.42 and a beta of 1.08.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $3.38 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12.09 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.