Burney Co. Has $5.10 Million Stock Position in The Sherwin-Williams Company $SHW

Burney Co. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 8.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,854 shares of the specialty chemicals company’s stock after selling 1,415 shares during the period. Burney Co.’s holdings in Sherwin-Williams were worth $5,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SHW. Valley National Advisers Inc. lifted its stake in 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 purchasing an additional 34 shares during the last quarter. Synergy Investment Management LLC boosted its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the second quarter worth $31,000. Saudi Central Bank bought a new position in Sherwin-Williams during the first quarter worth $33,000. Finally, Flaharty Asset Management LLC bought a new position in Sherwin-Williams during the first quarter worth $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Bank of America reduced their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a research 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.87.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Up 0.2%

Shares of SHW opened at $345.71 on Tuesday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm’s 50 day moving average is $347.86 and its 200-day moving average is $348.83. The stock has a market capitalization of $85.70 billion, a PE ratio of 33.73, a P/E/G ratio of 3.26 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period last year, the firm earned $3.37 earnings per share. The business’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. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

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.