The Sherwin-Williams Company $SHW Shares Purchased by Alliancebernstein L.P.

Key Points

• AllianceBernstein L.P. increased its stake in The Sherwin-Williams Company by 2.2%, acquiring an additional 93,209 shares, bringing its total holdings to approximately $1.54 billion.
• Several analysts recently downgraded their price targets for Sherwin-Williams, with UBS Group lowering their target from $410 to $395, yet maintaining a "buy" rating.
• The company declared a quarterly dividend of $0.79 per share, representing a 0.9% yield, with an ex-dividend date of August 15th.

Alliancebernstein L.P. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,409,209 shares of the specialty chemicals company's stock after buying an additional 93,209 shares during the quarter. Alliancebernstein L.P. owned about 1.76% of Sherwin-Williams worth $1,539,652,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Opal Wealth Advisors LLC raised its position in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after purchasing an additional 32 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after purchasing an additional 33 shares during the last quarter. YANKCOM Partnership increased its stake in Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after buying an additional 34 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in Sherwin-Williams by 4.9% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock valued at $264,000 after buying an additional 35 shares during the period. Finally, Zhang Financial LLC increased its stake in Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Wells Fargo & Company dropped 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. BMO Capital Markets lowered their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Citigroup lowered their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock 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 given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Trading Up 1.8%

NYSE:SHW traded up $6.61 on Friday, reaching $372.39. The stock had a trading volume of 3,066,956 shares, compared to its average volume of 1,813,914. The company has a market cap of $92.85 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 3.09 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm's fifty day moving average is $352.81 and its two-hundred day moving average is $348.65. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.8%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Insider Activity at Sherwin-Williams

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

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.