Acadian Asset Management LLC Sells 7,766 Shares of The Sherwin-Williams Company $SHW

Key Points

• Acadian Asset Management LLC reduced its holdings in The Sherwin-Williams Company by 58.5% during the first quarter, leaving it with 5,514 shares valued at approximately $1.9 million.
• Multiple institutional investors have recently adjusted their stakes in Sherwin-Williams, with Brighton Jones LLC increasing its position by 73.6% and State of Wyoming boosting its stake by 143.0%.
• Sherwin-Williams reported earnings per share (EPS) of $3.38 for the latest quarter, missing estimates by $0.38, and has set its FY 2025 EPS guidance between 11.200 and 11.500.

Acadian Asset Management LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 58.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,514 shares of the specialty chemicals company's stock after selling 7,766 shares during the period. Acadian Asset Management LLC's holdings in Sherwin-Williams were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the last quarter. State of Wyoming raised its position in shares of Sherwin-Williams by 143.0% during the 4th quarter. State of Wyoming now owns 678 shares of the specialty chemicals company's stock valued at $230,000 after buying an additional 399 shares during the period. Vident Advisory LLC increased its holdings in Sherwin-Williams by 3.4% in the 4th quarter. Vident Advisory LLC now owns 21,430 shares of the specialty chemicals company's stock valued at $7,285,000 after purchasing an additional 711 shares during the last quarter. XN LP grew its stake in shares of Sherwin-Williams by 3.0% in the fourth quarter. XN LP now owns 381,852 shares of the specialty chemicals company's stock worth $129,803,000 after acquiring an additional 10,956 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $4,730,000. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. UBS Group cut their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $2.78 during midday trading on Friday, reaching $346.78. The company's stock had a trading volume of 2,559,003 shares, compared to its average volume of 1,766,213. The business has a 50-day moving average price of $354.55 and a 200-day moving average price of $349.00. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market cap of $86.46 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.18.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

About Sherwin-Williams

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.