Swmg LLC Has $697,000 Position in The Sherwin-Williams Company $SHW

Swmg LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,072 shares of the specialty chemicals company’s stock after buying an additional 248 shares during the period. Swmg LLC’s holdings in Sherwin-Williams were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Brighton Jones LLC boosted its position in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after purchasing an additional 773 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Sherwin-Williams by 112.9% during the first quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company’s stock worth $167,000 after purchasing an additional 253 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams during the first quarter worth approximately $306,000. Finally, Kingswood Wealth Advisors LLC lifted its position 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 in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating and set a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. 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. Loop Capital dropped 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 note on Wednesday, July 23rd. Mizuho lowered their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Insider Buying and Selling at Sherwin-Williams

In related news, 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 completion of the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.1%

Sherwin-Williams stock opened at $330.99 on Friday. The stock has a market capitalization of $82.53 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $353.22 and a 200-day moving average of $347.90.

Sherwin-Williams (NYSE:SHW) last released 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). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

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.