AE Wealth Management LLC Grows Stock Position in The Sherwin-Williams Company $SHW

AE Wealth Management LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,123 shares of the specialty chemicals company’s stock after acquiring an additional 651 shares during the quarter. AE Wealth Management LLC’s holdings in Sherwin-Williams were worth $3,133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Valley National Advisers Inc. grew its position in Sherwin-Williams by 68.0% during 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 during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams in the second quarter worth $31,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the first quarter worth $33,000. Flaharty Asset Management LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $33,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $342.51 on Tuesday. The company has a market capitalization of $84.91 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. 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 company’s fifty day moving average price is $345.12 and its 200 day moving average price is $349.12. 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 data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Bank of America lowered their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup restated a “neutral” rating and issued a $392.00 price objective (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $390.87.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.