Cinctive Capital Management LP Takes Position in The Sherwin-Williams Company $SHW

Key Points

• Cinctive Capital Management LP has acquired a new stake in The Sherwin-Williams Company, purchasing 26,632 shares valued at approximately $9.3 million, which now represents 0.7% of their portfolio.
• Several institutional investors, including Banque Transatlantique SA and Alyeska Investment Group L.P., have notably increased their stakes in Sherwin-Williams during the first quarter.
• The company's stock has an average rating of "Moderate Buy" from analysts, with a consensus price target of $387.27 and a recent earnings report showing a 6% year-over-year revenue increase.

Cinctive Capital Management LP bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,632 shares of the specialty chemicals company's stock, valued at approximately $9,300,000. Sherwin-Williams makes up about 0.7% of Cinctive Capital Management LP's portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the 1st quarter valued at $27,000. Synergy Investment Management LLC increased its holdings in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new position in Sherwin-Williams in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group lowered their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Citigroup dropped their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Mizuho lowered their target price 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. JPMorgan Chase & Co. dropped 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, BMO Capital Markets decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on 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 directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 4.1%

Shares of NYSE:SHW traded down $15.29 during midday trading on Tuesday, hitting $359.94. 1,233,608 shares of the stock traded hands, compared to its average volume of 1,793,167. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a market capitalization of $89.75 billion, a PE ratio of 35.68, a P/E/G ratio of 3.09 and a beta of 1.18. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The business's 50 day moving average is $353.45 and its two-hundred day moving average is $348.85.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 business had revenue of $6.31 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current 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 $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

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.