Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.62 Million Position in The Sherwin-Williams Company $SHW

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in The Sherwin-Williams Company (NYSE:SHW) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,730 shares of the specialty chemicals company’s stock after buying an additional 687 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sherwin-Williams were worth $1,624,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHW. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $27,000. Synergy Investment Management LLC grew its stake in shares of Sherwin-Williams by 583.3% in 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 acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $346.80 on Friday. The business’s fifty day simple moving average is $355.10 and its 200 day simple moving average is $348.59. The firm has a market capitalization of $86.47 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Analyst Ratings Changes

Several brokerages have recently commented on SHW. UBS Group reduced their target price on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped 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 report on Wednesday, July 23rd. Finally, Loop Capital dropped 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.27.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.