Alpha Cubed Investments LLC Buys 338 Shares of The Sherwin-Williams Company $SHW

Alpha Cubed Investments LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 22.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,853 shares of the specialty chemicals company’s stock after purchasing an additional 338 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Sherwin-Williams were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Price T Rowe Associates Inc. MD raised its stake in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after buying an additional 1,505,341 shares in the last quarter. Nuveen LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $265,510,000. Assenagon Asset Management S.A. raised its position in shares of Sherwin-Williams by 601.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after acquiring an additional 719,965 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after purchasing an additional 606,482 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Sherwin-Williams by 223.1% in the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock valued at $214,883,000 after purchasing an additional 424,930 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $342.51 on Tuesday. The company has a 50 day moving average of $345.12 and a 200 day moving average of $349.12. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market cap of $84.91 billion, a P/E ratio of 33.42, a PEG ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS 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 analyst estimates of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on SHW. Bank of America decreased their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $390.87.

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.