Valley Brook Capital Group Inc. Increases Stake in The Sherwin-Williams Company $SHW

Valley Brook Capital Group Inc. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,311 shares of the specialty chemicals company’s stock after acquiring an additional 31 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Sherwin-Williams were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHW. Brighton Jones LLC raised its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. GAMMA Investing LLC raised its position in Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock valued at $1,636,000 after acquiring an additional 773 shares in the last quarter. Simon Quick Advisors LLC raised its position in Sherwin-Williams by 35.9% during the first quarter. Simon Quick Advisors LLC now owns 1,819 shares of the specialty chemicals company’s stock valued at $635,000 after acquiring an additional 481 shares in the last quarter. Finally, Thomasville National Bank increased its position in shares of Sherwin-Williams by 23.6% in the first quarter. Thomasville National Bank now owns 989 shares of the specialty chemicals company’s stock valued at $345,000 after buying an additional 189 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.2%

Shares of SHW opened at $332.51 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a market capitalization of $82.90 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.77 and a beta of 1.20. The stock has a 50 day moving average price of $355.02 and a 200 day moving average price of $348.43.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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 firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is presently 31.35%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a research report on Friday. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. UBS Group restated a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Finally, Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.60.

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.