Vise Technologies Inc. Buys New Position in The Sherwin-Williams Company $SHW

Vise Technologies Inc. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,083 shares of the specialty chemicals company’s stock, valued at approximately $3,119,000.

Several other large investors also recently bought and sold shares of the company. Alpha Cubed Investments LLC boosted its stake in shares of Sherwin-Williams by 22.3% in the second quarter. Alpha Cubed Investments LLC now owns 1,853 shares of the specialty chemicals company’s stock valued at $636,000 after purchasing an additional 338 shares during the period. Allworth Financial LP increased its stake in Sherwin-Williams by 5.4% during the 2nd quarter. Allworth Financial LP now owns 5,032 shares of the specialty chemicals company’s stock worth $1,728,000 after buying an additional 256 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Sherwin-Williams by 49.4% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 26,651 shares of the specialty chemicals company’s stock worth $9,151,000 after buying an additional 8,815 shares in the last quarter. Davis R M Inc. boosted its position in Sherwin-Williams by 14.1% in the 2nd quarter. Davis R M Inc. now owns 76,790 shares of the specialty chemicals company’s stock valued at $26,367,000 after buying an additional 9,466 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of Sherwin-Williams by 1.7% during the second quarter. Altman Advisors Inc. now owns 5,284 shares of the specialty chemicals company’s stock valued at $1,877,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Bank of America dropped their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $342.51 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The company’s 50-day moving average price is $345.12 and its 200 day moving average price is $349.12. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market cap of $84.91 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

About Sherwin-Williams

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.