OneAscent Wealth Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,237 shares of the specialty chemicals company’s stock, valued at approximately $770,000.
Other large investors have also made changes to their positions in the company. Wilkerson Advisory Group LLC lifted its stake in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the first quarter worth approximately $28,000. Finally, Tacita Capital Inc bought a new position in Sherwin-Williams in the second quarter worth approximately $30,000. 77.67% of the stock is currently owned by institutional investors.
Sherwin-Williams Stock Performance
SHW opened at $347.02 on Friday. The company has a 50 day simple moving average of $340.16 and a two-hundred day simple moving average of $332.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market cap of $84.24 billion, a P/E ratio of 31.98, a PEG ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.
Insider Transactions at Sherwin-Williams
In other news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on SHW shares. Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.
Check Out Our Latest Stock Analysis on SHW
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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