1,159 Shares in The Sherwin-Williams Company $SHW Purchased by Heartland Bank & Trust Co
by Doug Wharley · The Cerbat GemHeartland Bank & Trust Co bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,159 shares of the specialty chemicals company’s stock, valued at approximately $398,000.
A number of other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. increased its stake in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the 1st quarter worth about $30,000. Saudi Central Bank purchased a new position in Sherwin-Williams in the 1st quarter worth about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in Sherwin-Williams in the 1st quarter worth about $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
Sherwin-Williams Stock Down 0.2%
Shares of Sherwin-Williams stock opened at $331.98 on Tuesday. The firm has a market cap of $82.77 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 2.76 and a beta of 1.20. 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 52-week low of $308.84 and a 52-week high of $400.42. The stock has a 50-day simple moving average of $354.70 and a 200-day simple moving average of $348.40.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SHW. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday. Finally, Mizuho lowered their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.60.
View Our Latest Stock Report on SHW
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.
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