SteelPeak Wealth LLC Has $335,000 Stock Position in The Sherwin-Williams Company $SHW

SteelPeak Wealth LLC lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 18.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 977 shares of the specialty chemicals company’s stock after selling 222 shares during the period. SteelPeak Wealth LLC’s holdings in Sherwin-Williams were worth $335,000 at the end of the most recent quarter.

Other hedge funds have 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 first 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 in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Sherwin-Williams during the first quarter worth $515,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams during the first quarter worth $306,000. Finally, Moody Lynn & Lieberson LLC lifted its holdings in shares of 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 purchasing an additional 11,828 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $332.79 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a fifty day simple moving average of $355.25 and a 200 day simple moving average of $348.46. The company has a market capitalization of $82.98 billion, a PE ratio of 33.01, a P/E/G ratio of 2.81 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm posted $3.70 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is presently 31.35%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SHW shares. Citigroup reiterated a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $387.93.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.