KFA Private Wealth Group LLC Invests $1.65 Million in The Sherwin-Williams Company $SHW

KFA Private Wealth Group LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,802 shares of the specialty chemicals company’s stock, valued at approximately $1,649,000.

A number of other institutional investors also recently bought and sold shares of SHW. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares during the period. Synergy Investment Management LLC raised its position in shares of Sherwin-Williams by 583.3% during the 1st 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 purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in Sherwin-Williams in the first quarter valued at $33,000. Finally, Flaharty Asset Management LLC purchased a new stake in Sherwin-Williams in the first quarter valued at $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’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 sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction dated 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 owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Down 0.2%

Shares of NYSE:SHW opened at $332.51 on Friday. 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 market capitalization of $82.90 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The firm’s 50-day moving average is $355.02 and its two-hundred day moving average is $348.40. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its 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 return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $3.70 earnings per share. Sherwin-Williams’s quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict 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. 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 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $387.60.

Sherwin-Williams 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.