Spectrum Planning & Advisory Services Inc. Buys Shares of 1,011 The Sherwin-Williams Company $SHW

Spectrum Planning & Advisory Services Inc. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,011 shares of the specialty chemicals company’s stock, valued at approximately $347,000.

Other hedge funds also recently modified their holdings of the company. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the first quarter worth $27,000. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at $27,000. Synergy Investment Management LLC lifted its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams in the first quarter valued at $30,000. Finally, Saudi Central Bank acquired a new position in Sherwin-Williams in the first quarter valued at $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHW shares. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Mizuho decreased their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $387.27.

Sherwin-Williams Trading Down 0.5%

NYSE:SHW opened at $342.68 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a 50-day moving average of $354.76 and a 200-day moving average of $348.63. The company has a market cap of $85.44 billion, a PE ratio of 34.00, a PEG ratio of 2.86 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently declared 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 was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

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.