Rep. Jared Moskowitz Purchases Shares of The Sherwin-Williams Company (NYSE:SHW)

Representative Jared Moskowitz (D-Florida) recently bought shares of The Sherwin-Williams Company NYSE: SHW. In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sherwin-Williams stock on November 8th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (1)" account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Elevance Health NYSE: ELV on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 11/8/2024.
• Sold $50,001 - $100,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.

Sherwin-Williams Trading Down 1.3 %

Shares of SHW traded down $4.85 during trading hours on Tuesday, hitting $371.60. The stock had a trading volume of 1,574,950 shares, compared to its average volume of 1,645,741. The company's fifty day simple moving average is $379.68 and its 200 day simple moving average is $350.64. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market cap of $93.59 billion, a P/E ratio of 37.01, a P/E/G ratio of 3.10 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.20 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.77%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. BMO Capital Markets raised their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average target price of $396.47.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC lifted its position in Sherwin-Williams by 7.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 731 shares of the specialty chemicals company's stock valued at $218,000 after purchasing an additional 48 shares during the period. Wedmont Private Capital boosted its stake in Sherwin-Williams by 2.2% in the second quarter. Wedmont Private Capital now owns 2,461 shares of the specialty chemicals company's stock valued at $784,000 after acquiring an additional 54 shares during the last quarter. M&G Plc grew its holdings in Sherwin-Williams by 46.6% during the 2nd quarter. M&G Plc now owns 35,344 shares of the specialty chemicals company's stock worth $10,533,000 after acquiring an additional 11,230 shares during the period. Diversified Trust Co raised its position in shares of Sherwin-Williams by 7.8% during the 2nd quarter. Diversified Trust Co now owns 5,009 shares of the specialty chemicals company's stock valued at $1,495,000 after acquiring an additional 361 shares during the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock valued at $480,291,000 after purchasing an additional 917,979 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state's Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

Sherwin-Williams Company Profile

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.