Savvy Advisors Inc. Grows Stock Holdings in The Sherwin-Williams Company $SHW

Savvy Advisors Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 46.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,173 shares of the specialty chemicals company’s stock after buying an additional 370 shares during the period. Savvy Advisors Inc.’s holdings in Sherwin-Williams were worth $403,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHW. Brighton Jones LLC lifted its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $258,000. Silver Oak Securities Incorporated increased its holdings in shares of Sherwin-Williams by 23.6% during the first quarter. Silver Oak Securities Incorporated now owns 3,185 shares of the specialty chemicals company’s stock valued at $1,082,000 after acquiring an additional 609 shares in the last quarter. Spear Holdings RSC Ltd acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $87,123,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Sherwin-Williams by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the specialty chemicals company’s stock valued at $184,000 after acquiring an additional 164 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a report on Wednesday. Bank of America cut their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group restated a “buy” rating and set a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Insider Buying and Selling

In other 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 transaction of $224,611.38. Following the sale, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $344.86 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company’s 50 day moving average is $348.29 and its 200 day moving average is $348.62. 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 company has a market cap of $85.98 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.26 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share 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 company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the prior year, the company earned $3.37 EPS. Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. 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 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams Company 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.