The Sherwin-Williams Company $SHW Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in The Sherwin-Williams Company by 5.4%, selling 23,313 shares, but still retains ownership of 408,089 shares valued at approximately $142.5 million.
• Sherwin-Williams recently reported a missed earnings estimate, posting $3.38 per share compared to the expected $3.76, despite a year-over-year revenue increase of 0.6%.
• The company declared a quarterly dividend of $0.79, with an annualized payout ratio of 31.35% and a current dividend yield of 0.9%.

American Century Companies Inc. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 408,089 shares of the specialty chemicals company's stock after selling 23,313 shares during the period. American Century Companies Inc. owned about 0.16% of Sherwin-Williams worth $142,501,000 at the end of the most recent reporting period.

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

Sherwin-Williams Trading Down 0.3%

Shares of NYSE SHW traded down $0.9850 on Wednesday, reaching $366.9450. 1,798,077 shares of the company traded hands, compared to its average volume of 1,801,570. The stock has a market capitalization of $91.49 billion, a PE ratio of 36.40, a P/E/G ratio of 3.39 and a beta of 1.16. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two 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 company has a 50 day moving average of $346.16 and a 200 day moving average of $347.93.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its 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 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 analysts' expectations of $6.31 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend 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 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated 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 owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SHW. UBS Group reduced their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $388.60.

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.