Candriam S.C.A. Sells 30,825 Shares of The Sherwin-Williams Company $SHW

Key Points

• Candriam S.C.A. reduced its stake in Sherwin-Williams by 35.3%, selling 30,825 shares, leaving it with 56,610 shares valued at approximately $19.77 million.
• Sherwin-Williams reported an EPS of $3.38, missing estimates by ($0.38), and set its FY 2025 guidance at 11.200-11.500 EPS.
• The company announced a quarterly dividend of $0.79 per share, with an annualized dividend yield of 0.9%, set to be paid on September 5th.

Candriam S.C.A. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,610 shares of the specialty chemicals company's stock after selling 30,825 shares during the period. Candriam S.C.A.'s holdings in Sherwin-Williams were worth $19,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC increased its position in shares of Sherwin-Williams by 583.3% during the first 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 bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $46,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.3%

SHW opened at $366.9450 on Thursday. The stock has a market cap of $91.49 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 3.06 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 debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm's fifty day moving average is $346.35 and its 200 day moving average is $348.06.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.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 earned $3.70 EPS. The firm'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, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were 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 in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of several analyst reports. UBS Group reduced their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets cut their target price 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. Royal Bank Of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. cut their target price 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. Finally, Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.