Econ Financial Services Corp Makes New $1.21 Million Investment in The Sherwin-Williams Company $SHW

Econ Financial Services Corp purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,483 shares of the specialty chemicals company’s stock, valued at approximately $1,206,000.

A number of other hedge funds have also recently made changes to their positions in SHW. MTM Investment Management LLC bought a new stake in Sherwin-Williams during the second quarter valued at $26,000. Valley National Advisers Inc. raised its holdings in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams during the second quarter worth about $31,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth approximately $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their price target for the company from $392.00 to $390.00 in a research report on Thursday, December 18th. Finally, UBS Group reiterated a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $390.07.

Sherwin-Williams Stock Performance

NYSE SHW opened at $324.23 on Friday. The company has a 50-day simple moving average of $333.90 and a two-hundred day simple moving average of $343.12. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The firm has a market cap of $80.37 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 3.82 and a beta of 1.26. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the previous year, the company posted $3.37 EPS. Sherwin-Williams’s revenue for the quarter 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 analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a $0.79 dividend. The ex-dividend date was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Sherwin-Williams 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.