Laffer Tengler Investments Inc. Acquires New Holdings in The Sherwin-Williams Company $SHW

Laffer Tengler Investments Inc. bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, Holdings Channel.com reports. The fund bought 2,754 shares of the specialty chemicals company’s stock, valued at approximately $946,000.

A number of other large investors have also recently bought and sold shares of SHW. Moors & Cabot Inc. raised its stake in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after acquiring an additional 39 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares during the last quarter. Ransom Advisory Ltd bought a new position in Sherwin-Williams in the 1st quarter valued at $515,000. Moody Lynn & Lieberson LLC boosted its stake in Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after purchasing an additional 11,828 shares in the last quarter. Finally, Lindenwold Advisors INC bought a new stake in shares of Sherwin-Williams during the second quarter worth $1,303,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Up 1.9%

NYSE:SHW opened at $339.87 on Monday. The stock’s fifty day simple moving average is $345.59 and its 200-day simple moving average is $349.07. The firm has a market capitalization of $84.25 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.26 and a beta of 1.21. 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 Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.15. The firm had revenue of $6.36 billion for 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 company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Insider Buying and Selling

In other Sherwin-Williams 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 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Evercore ISI upped their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Bank of America reduced their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Mizuho set a $400.00 target price on Sherwin-Williams in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $390.87.

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.