BAM Wealth Management LLC Purchases Shares of 2,689 The Sherwin-Williams Company $SHW

BAM Wealth Management LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,689 shares of the specialty chemicals company’s stock, valued at approximately $931,000.

A number of other institutional investors have also modified their holdings of the stock. MTM Investment Management LLC acquired a new stake in Sherwin-Williams during the second quarter worth about $26,000. Valley National Advisers Inc. boosted its position 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 worth $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.7%

SHW opened at $348.19 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The company has a market cap of $86.31 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 4.33 and a beta of 1.26. The company has a 50-day moving average price of $335.97 and a 200 day moving average price of $343.73.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the business earned $3.37 EPS. Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America lowered their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.94.

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.