The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Capital Fund Management S.A.

06 Dec 2023, 14:12 by Amy Steele · The Cerbat Gem

Capital Fund Management S.A. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 261.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,161 shares of the specialty chemicals company’s stock after purchasing an additional 57,287 shares during the quarter. Capital Fund Management S.A.’s holdings in Sherwin-Williams were worth $21,019,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SHW. Arbor Capital Management Inc. ADV lifted its stake in shares of Sherwin-Williams by 1.0% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 3,884 shares of the specialty chemicals company’s stock valued at $1,024,000 after purchasing an additional 38 shares during the last quarter. TrinityPoint Wealth LLC lifted its stake in shares of Sherwin-Williams by 1.8% in the 2nd quarter. TrinityPoint Wealth LLC now owns 2,255 shares of the specialty chemicals company’s stock valued at $599,000 after purchasing an additional 39 shares during the last quarter. Archer Investment Corp lifted its stake in shares of Sherwin-Williams by 19.5% in the 2nd quarter. Archer Investment Corp now owns 239 shares of the specialty chemicals company’s stock valued at $63,000 after purchasing an additional 39 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its stake in shares of Sherwin-Williams by 0.3% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 13,028 shares of the specialty chemicals company’s stock valued at $5,631,000 after purchasing an additional 41 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of Sherwin-Williams by 0.4% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 10,777 shares of the specialty chemicals company’s stock valued at $2,862,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 75.87% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John G. Morikis acquired 2,125 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $237.60 per share, with a total value of $504,900.00. Following the completion of the purchase, the chief executive officer now owns 317,270 shares of the company’s stock, valued at $75,383,352. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on shares of Sherwin-Williams from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $300.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, August 25th. Bank of America lowered shares of Sherwin-Williams from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $300.00 to $275.00 in a research report on Wednesday, October 18th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $300.00 to $285.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $287.44.

Read Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Performance

NYSE SHW opened at $283.00 on Wednesday. The stock has a market cap of $72.44 billion, a P/E ratio of 30.30, a PEG ratio of 2.22 and a beta of 1.11. The company’s 50-day simple moving average is $256.29 and its 200 day simple moving average is $258.65. The Sherwin-Williams Company has a twelve month low of $205.43 and a twelve month high of $285.55. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.43. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6 billion. Sherwin-Williams had a net margin of 10.50% and a return on equity of 78.92%. As a group, research analysts forecast that The Sherwin-Williams Company will post 10.3 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.605 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.42 annualized dividend and a yield of 0.86%. Sherwin-Williams’s dividend payout ratio is 25.91%.

About Sherwin-Williams

(Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.