Aberdeen Group plc Grows Stake in The Sherwin-Williams Company $SHW

Key Points

• Aberdeen Group plc increased its stake in The Sherwin-Williams Company by 8.0%, acquiring an additional 15,551 shares, bringing its total ownership to approximately 210,338 shares valued at $72.5 million.
• Sherwin-Williams reported earnings per share (EPS) of $3.38 for the last quarter, falling short of the consensus estimate of $3.76 and indicating a year-over-year revenue increase of 0.6%.
• The company recently announced a quarterly dividend of $0.79, with the ex-dividend date on August 15th, representing an annualized dividend yield of 0.9%.

Aberdeen Group plc grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,338 shares of the specialty chemicals company's stock after acquiring an additional 15,551 shares during the quarter. Aberdeen Group plc owned about 0.08% of Sherwin-Williams worth $72,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Perkins Coie Trust Co bought a new position in Sherwin-Williams in the 1st quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $27,000. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the first quarter worth $30,000. Finally, HWG Holdings LP purchased a new stake in Sherwin-Williams in the first quarter worth $46,000. Institutional investors own 77.67% of the company's stock.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 0.3%

Shares of NYSE:SHW traded down $1.2580 during trading on Wednesday, hitting $366.6720. The company had a trading volume of 1,018,956 shares, compared to its average volume of 1,796,484. The stock has a market cap of $91.42 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a fifty day simple moving average of $346.16 and a two-hundred day simple moving average of $347.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SHW shares. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Citigroup reduced their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $388.60.

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.