Zions Bancorporation National Association UT Raises Stock Position in The Sherwin-Williams Company $SHW

Zions Bancorporation National Association UT grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,085 shares of the specialty chemicals company’s stock after acquiring an additional 181 shares during the period. Zions Bancorporation National Association UT’s holdings in Sherwin-Williams were worth $5,180,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHW. Valley National Advisers Inc. raised its holdings in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams in the second quarter valued at $31,000. Saudi Central Bank purchased a new position in shares of Sherwin-Williams in the first quarter valued at $33,000. Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams in the first quarter valued at $33,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction 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. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research reports. UBS Group reissued a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Citigroup reaffirmed a “neutral” rating and issued a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Mizuho set a $400.00 price target on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Bank of America dropped 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 note on Tuesday, October 14th. Finally, Evercore ISI upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Trading Up 1.9%

Shares of SHW opened at $339.87 on Friday. The stock has a fifty day moving average of $345.59 and a two-hundred day moving average of $348.94. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company has a market capitalization of $84.25 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

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.