Price T Rowe Associates Inc. MD Buys 1,505,341 Shares of The Sherwin-Williams Company $SHW

Price T Rowe Associates Inc. MD lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 21.0% during the first quarter, Holdings Channel reports. The fund owned 8,657,536 shares of the specialty chemicals company’s stock after acquiring an additional 1,505,341 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Sherwin-Williams were worth $3,023,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co acquired a new position in Sherwin-Williams during the first quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $27,000. Synergy Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at $30,000. Finally, HWG Holdings LP bought a new position in Sherwin-Williams in the 1st quarter worth $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHW shares. UBS Group decreased their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $388.60.

Sherwin-Williams Stock Down 0.3%

NYSE SHW opened at $366.9450 on Thursday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average is $346.35 and its two-hundred day moving average is $348.06. The company has a market capitalization of $91.49 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 3.06 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business earned $3.70 EPS. Sherwin-Williams’s quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.35%.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

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.