The Sherwin-Williams Company $SHW Shares Acquired by MGO One Seven LLC

MGO One Seven LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 123.1% during the second quarter, HoldingsChannel reports. The firm owned 22,430 shares of the specialty chemicals company’s stock after purchasing an additional 12,375 shares during the quarter. MGO One Seven LLC’s holdings in Sherwin-Williams were worth $7,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SHW. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after acquiring an additional 137 shares during the period. GAMMA Investing LLC increased its stake in shares of Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after acquiring an additional 773 shares during the period. CVA Family Office LLC increased its stake in shares of Sherwin-Williams by 7.2% in the first quarter. CVA Family Office LLC now owns 553 shares of the specialty chemicals company’s stock worth $193,000 after acquiring an additional 37 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Sherwin-Williams in the first quarter worth $13,749,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.2%

SHW stock opened at $332.51 on Monday. The firm has a market cap of $82.91 billion, a PE ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm’s fifty day moving average is $355.02 and its 200 day moving average is $348.45. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Evercore ISI increased their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. UBS Group reiterated a “buy” rating and issued a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Citigroup restated a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.60.

Read Our Latest Research Report on Sherwin-Williams

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

(Free Report)

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.

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Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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