Carderock Capital Management Inc. Boosts Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Carderock Capital Management Inc. increased its stake in Sherwin-Williams by 6.3% during Q2, now holding 25,045 shares valued at approximately $8.6 million, making it the fund's 19th largest position.
• Sherwin-Williams reported Q2 earnings of $3.38 per share, missing estimates, with revenue at $6.31 billion, reflecting a slight increase from the previous year.
• The company declared a quarterly dividend of $0.79, representing a yield of 0.9%, with a payout ratio of 31.35%.

Carderock Capital Management Inc. boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,045 shares of the specialty chemicals company's stock after purchasing an additional 1,482 shares during the quarter. Sherwin-Williams comprises about 2.2% of Carderock Capital Management Inc.'s holdings, making the stock its 19th biggest position. Carderock Capital Management Inc.'s holdings in Sherwin-Williams were worth $8,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $27,000. Synergy Investment Management LLC grew its holdings 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 buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the first quarter valued at about $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.3%

NYSE SHW traded down $1.18 during trading on Tuesday, hitting $345.23. The company had a trading volume of 273,165 shares, compared to its average volume of 1,798,055. 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 Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market cap of $86.08 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. The company's fifty day moving average is $354.60 and its 200-day moving average is $348.70.

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 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 during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the prior year, the company earned $3.70 earnings per share. The firm's quarterly revenue 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 predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of recent analyst reports. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered 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 report 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 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 on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $387.27.

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.