The Sherwin-Williams Company $SHW Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 261,144 shares of the specialty chemicals company’s stock after purchasing an additional 8,339 shares during the quarter. King Luther Capital Management Corp owned 0.10% of Sherwin-Williams worth $89,666,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. PFG Advisors lifted its holdings in Sherwin-Williams by 12.7% in the 2nd quarter. PFG Advisors now owns 9,906 shares of the specialty chemicals company’s stock valued at $3,401,000 after acquiring an additional 1,119 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of Sherwin-Williams by 1.2% in the 2nd quarter. Zions Bancorporation National Association UT now owns 15,085 shares of the specialty chemicals company’s stock worth $5,180,000 after purchasing an additional 181 shares in the last quarter. Midwest Trust Co acquired a new stake in Sherwin-Williams during the second quarter valued at approximately $9,025,000. Flossbach Von Storch SE boosted its holdings in Sherwin-Williams by 2.3% during the second quarter. Flossbach Von Storch SE now owns 888,360 shares of the specialty chemicals company’s stock worth $305,027,000 after buying an additional 20,396 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its position in Sherwin-Williams by 50.7% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,168 shares of the specialty chemicals company’s stock worth $401,000 after buying an additional 393 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.9%

Sherwin-Williams stock opened at $339.87 on Friday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The firm has a market capitalization of $84.25 billion, a PE ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21. The business’s 50-day simple moving average is $345.59 and its 200-day simple moving average is $348.94.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous 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 forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date 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 Sherwin-Williams 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 sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average 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.