Pettyjohn Wood & White Inc. Buys 356 Shares of The Sherwin-Williams Company $SHW

Pettyjohn Wood & White Inc. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,026 shares of the specialty chemicals company’s stock after purchasing an additional 356 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Sherwin-Williams were worth $1,726,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Richard W. Paul & Associates LLC increased its position in Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the period. Valley Brook Capital Group Inc. raised its position in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after purchasing an additional 31 shares during the last quarter. 17 Capital Partners LLC boosted its position in Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after buying an additional 31 shares during the period. Jessup Wealth Management Inc grew its stake in shares of Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after purchasing an additional 32 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its position in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock worth $362,000 after acquiring an additional 33 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $337.05 on Friday. The firm’s 50-day moving average price is $339.55 and its two-hundred day moving average price is $348.20. The stock has a market capitalization of $83.55 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 3.26 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period last year, the company posted $3.37 EPS. The company’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. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating and issued a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

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.