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New Big Money Means Sherwin-Williams Co. (SHW) Investors Could Reap Benefit

Sherwin-Williams Co. (NYSE: SHW) is 20.33% higher on its value in year-to-date trading and has touched a low of $232.06 and a high of $382.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHW stock was last observed hovering at around $378.00 in the last trading session, with the day’s loss setting it -2.69%.

Currently trading at $375.31, the stock is 2.78% and 7.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.71% at the moment leaves the stock 17.06% off its SMA200. SHW registered 44.38% gain for a year compared to 6-month gain of 11.51%.

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The stock witnessed a 5.42% loss in the last 1 month and extending the period to 3 months gives it a 25.02%, and is 1.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.39% over the week and 1.50% over the month.

Sherwin-Williams Co. (SHW) has around 64088 employees, a market worth around $94.68B and $23.01B in sales. Current P/E ratio is 38.26 and Fwd P/E is 29.14. Profit margin for the company is 10.92%. Distance from 52-week low is 61.73% and -1.96% from its 52-week high. The company has generated returns on investments over the last 12 months (18.77%).

The EPS is expected to grow by 11.11% this year

2021.0 institutions hold shares in Sherwin-Williams Co. (SHW), with institutional investors hold 87.17% of the company’s shares. The shares outstanding are 254.50M, and float is at 231.65M with Short Float at 1.34%. Institutions hold 80.32% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.89 million shares valued at $6.53 billion. The investor’s holdings represent 8.67 of the SHW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.97 million shares valued at $5.07 billion to account for 6.7218 of the shares outstanding. The other top investors are STATE STREET CORP which holds 10.09 million shares representing 3.9952 and valued at over $3.01 billion, while MORGAN STANLEY holds 2.9417 of the shares totaling 7.43 million with a market value of $2.22 billion.

Sherwin-Williams Co. (SHW) Insider Activity

The most recent transaction is an insider sale by Mistysyn Allen J, the company’s SVP – Finance & CFO. SEC filings show that Mistysyn Allen J sold 14,520 shares of the company’s common stock on Aug 30 ’24 at a price of $366.83 per share for a total of $5.33 million. Following the sale, the insider now owns 63520.0 shares.

Sherwin-Williams Co. disclosed in a document filed with the SEC on Aug 30 ’24 that MORIKIS JOHN G (Executive Chairman) sold a total of 115,969 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $364.54 per share for $42.28 million. Following the transaction, the insider now directly holds 0.37 million shares of the SHW stock.

Still, SEC filings show that on Aug 30 ’24, MORIKIS JOHN G (Officer) Proposed Sale 115,969 shares at an average price of $364.53 for $42.27 million. The insider now directly holds shares of Sherwin-Williams Co. (SHW).

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