Several large investors have recently adjusted their holdings in Sherwin-Williams (SHW). Notably:
- HHM Wealth Advisors increased their stake by 102.3%, owning 89 shares worth $27,000.
- Semmax Financial Advisors raised their position by 136.4%, now holding 104 shares valued at $31,000.
- VitalStone Financial boosted their shares by 233.3%, owning 110 shares worth $33,000.
- Anfield Capital Management bought into Sherwin-Williams for about $38,000.
- Meeder Asset Management purchased shares for roughly $41,000.
Institutional investors now hold 77.67% of the stock.
Sherwin-Williams Stock Update
SHW shares opened at $373.10. The company’s 52-week range is $232.06 to $385.25, with a market cap of $94.12 billion and a PE ratio of 39.78.
Recent Earnings Report
Sherwin-Williams reported $3.70 EPS, exceeding estimates of $3.51. Revenue for the quarter was $6.27 billion, slightly below the forecast of $6.33 billion.
Dividend Announcement
A dividend of $0.715 per share was paid on September 6th, with a yield of 0.77% based on a payout ratio of 30.49%.
Insider Trading Activity
CFO Allen J. Mistysyn sold 14,520 shares for over $5.3 million. He now owns 63,520 shares valued at around $23.3 million. Insiders currently hold 0.60% of the stock.
Analyst Ratings
Recent analyst updates include:
- Jefferies raised its target price from $392 to $415 (buy rating).
- Evercore ISI increased its target from $365 to $380 (outperform rating).
- Goldman Sachs upped its target to $390 (buy rating).
Sherwin-Williams is rated as a “Moderate Buy” with an average target of $370.39.
Company Overview
Sherwin-Williams develops and sells paints and coatings through three segments: Paint Stores, Consumer Brands, and Performance Coatings.
Further Reading
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