Copperwynd Financial LLC Grows Holdings in The Sherwin-Williams Company $SHW

Copperwynd Financial LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,019 shares of the specialty chemicals company’s stock after acquiring an additional 65 shares during the period. Copperwynd Financial LLC’s holdings in Sherwin-Williams were worth $1,037,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Sherwin-Williams by 60.1% in the 1st quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company’s stock valued at $412,000 after acquiring an additional 443 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $359,000. Wesbanco Bank Inc. raised its stake in shares of Sherwin-Williams by 6.5% in the 1st quarter. Wesbanco Bank Inc. now owns 1,828 shares of the specialty chemicals company’s stock valued at $638,000 after acquiring an additional 112 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Sherwin-Williams by 74.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the specialty chemicals company’s stock worth $2,373,000 after buying an additional 2,887 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.1%

Shares of NYSE:SHW opened at $337.48 on Thursday. The stock has a market cap of $84.14 billion, a P/E ratio of 33.48, a P/E/G ratio of 2.80 and a beta of 1.20. The firm has a fifty day moving average price of $355.21 and a 200 day moving average price of $348.53. 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 Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

SHW has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Citigroup reaffirmed a “neutral” rating and set a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Monday. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, 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 note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.93.

Insiders Place Their Bets

In other Sherwin-Williams news, 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James P. Lang sold 860 shares of the company’s 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 approximately $132,081.95. The trade was a 69.52% 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 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.