The Sherwin-Williams Company $SHW Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 571.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,785 shares of the specialty chemicals company’s stock after buying an additional 4,072 shares during the period. Atlantic Union Bankshares Corp’s holdings in Sherwin-Williams were worth $1,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in shares of Sherwin-Williams by 6.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,725 shares of the specialty chemicals company’s stock valued at $936,000 after acquiring an additional 170 shares during the period. Genus Capital Management Inc. increased its holdings in Sherwin-Williams by 28.1% in the 2nd quarter. Genus Capital Management Inc. now owns 8,365 shares of the specialty chemicals company’s stock valued at $2,872,000 after purchasing an additional 1,835 shares in the last quarter. Huntington National Bank increased its holdings in Sherwin-Williams by 4.3% in the 2nd quarter. Huntington National Bank now owns 181,966 shares of the specialty chemicals company’s stock valued at $62,480,000 after purchasing an additional 7,485 shares in the last quarter. Bridgewater Advisors Inc. raised its position in Sherwin-Williams by 1.8% in the second quarter. Bridgewater Advisors Inc. now owns 2,103 shares of the specialty chemicals company’s stock valued at $700,000 after purchasing an additional 38 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Sherwin-Williams by 2.8% during the second quarter. Bank of Montreal Can now owns 416,645 shares of the specialty chemicals company’s stock worth $143,059,000 after purchasing an additional 11,530 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 1.9%

SHW stock opened at $339.87 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The firm has a 50 day simple moving average of $345.59 and a 200-day simple moving average of $348.83. The company has a market capitalization of $84.25 billion, a P/E ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHW. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Evercore ISI increased their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. BMO Capital Markets reduced 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 report on Wednesday, July 23rd. Finally, UBS Group restated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.