2,655 Shares in The Sherwin-Williams Company $SHW Acquired by Morningstar Investment Management LLC

Morningstar Investment Management LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,655 shares of the specialty chemicals company’s stock, valued at approximately $912,000.

Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. increased its position in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $515,000. Kingswood Wealth Advisors LLC increased its position in Sherwin-Williams by 25.0% during the 1st 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 in the last quarter. Sowell Financial Services LLC acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $306,000. Finally, Johnson Investment Counsel Inc. increased its position in Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after purchasing an additional 38,228 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SHW shares. 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 report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. UBS Group restated a “buy” rating and issued a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Citigroup restated a “neutral” rating and issued a $380.00 price target (up from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $387.60.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the company’s 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 completion of the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.2%

NYSE:SHW opened at $331.98 on Tuesday. The firm’s fifty day moving average is $354.70 and its 200-day moving average is $348.40. 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 Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a market cap of $82.77 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.76 and a beta of 1.20.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

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.