AQR Capital Management LLC Sells 40,386 Shares of The Sherwin-Williams Company $SHW

Key Points

• AQR Capital Management LLC reduced its stake in The Sherwin-Williams Company by 21.2% during Q1, now holding 149,947 shares worth approximately $51.24 million.
• Sherwin-Williams reported $3.38 EPS for its latest quarter, missing estimates by $0.38, while its revenue slightly increased by 0.6% year-over-year to $6.31 billion.
• The company recently announced a quarterly $0.79 dividend, reflecting an annualized yield of 0.8%, with a dividend payout ratio of 31.35%.

AQR Capital Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,947 shares of the specialty chemicals company's stock after selling 40,386 shares during the period. AQR Capital Management LLC owned about 0.06% of Sherwin-Williams worth $51,240,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SHW. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the 1st quarter valued at $27,000. Synergy Investment Management LLC raised its stake 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 buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams during the 1st quarter valued at $30,000. Finally, Saudi Central Bank purchased a new stake in Sherwin-Williams during the 1st quarter valued at $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets cut their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Buying and Selling

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction that occurred 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 approximately $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. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW traded down $13.86 during midday trading on Tuesday, hitting $361.37. 2,191,650 shares of the company traded hands, compared to its average volume of 1,831,795. The firm has a 50 day moving average of $353.57 and a 200-day moving average of $348.94. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The stock has a market cap of $90.10 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.12 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS 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 the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams 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.