Huntleigh Advisors Inc. Boosts Position in The Sherwin-Williams Company $SHW

Huntleigh Advisors Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,346 shares of the specialty chemicals company’s stock after buying an additional 148 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Sherwin-Williams were worth $1,836,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Synergy Investment Management LLC grew its holdings in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new position in Sherwin-Williams during the 1st quarter valued at about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $330.99 on Friday. The business has a 50 day moving average of $353.22 and a 200 day moving average of $347.94. The company has a market capitalization of $82.53 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.11 and a beta of 1.20. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

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

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction that occurred 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 owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Bank of America dropped their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday. Evercore ISI lifted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Finally, Citigroup reiterated a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.13.

About Sherwin-Williams

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.