Independent Financial Group LLC Invests $1.53 Million in The Sherwin-Williams Company $SHW

Independent Financial Group LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the first quarter, HoldingsChannel.com reports. The firm purchased 4,788 shares of the specialty chemicals company’s stock, valued at approximately $1,535,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC grew its holdings in shares of Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares during the last quarter. Jump Financial LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $1,210,000. Sei Investments Co. increased its position in Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after acquiring an additional 59,831 shares during the period. Finally, Glenview Trust co raised its stake in Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after acquiring an additional 148 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SHW shares. BMO Capital Markets boosted their target price on Sherwin-Williams from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 6th. UBS Group downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Bank of America cut their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Stock Up 0.1%

Sherwin-Williams stock opened at $331.57 on Monday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. The firm has a market capitalization of $81.78 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.10. The stock’s fifty day moving average is $319.72 and its two-hundred day moving average is $332.53. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the previous year, the company posted $2.25 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts predict that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s payout ratio is presently 30.71%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.