The Sherwin-Williams Company $SHW Shares Acquired by Douglass Winthrop Advisors LLC

Key Points

• Douglass Winthrop Advisors LLC has increased its holdings in Sherwin-Williams by 0.6%, now owning 387,091 shares valued at approximately $135 million.
• Analysts have lowered their price targets for Sherwin-Williams, with JPMorgan reducing its target from $390 to $378 while maintaining an "overweight" rating.
• The company recently announced a quarterly dividend of $0.79 per share, with a next payment date set for September 5th, 2023.

Douglass Winthrop Advisors LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,091 shares of the specialty chemicals company's stock after acquiring an additional 2,332 shares during the quarter. Sherwin-Williams accounts for 2.6% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 13th biggest position. Douglass Winthrop Advisors LLC owned 0.15% of Sherwin-Williams worth $135,168,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in Sherwin-Williams by 13,055.6% during the first quarter. AlphaQuest LLC now owns 2,368 shares of the specialty chemicals company's stock worth $827,000 after acquiring an additional 2,350 shares during the last quarter. Allstate Corp increased its stake in Sherwin-Williams by 8.7% during the first quarter. Allstate Corp now owns 7,781 shares of the specialty chemicals company's stock worth $2,717,000 after acquiring an additional 625 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Sherwin-Williams by 3.0% during the first quarter. Kestra Advisory Services LLC now owns 19,690 shares of the specialty chemicals company's stock worth $6,876,000 after acquiring an additional 569 shares during the last quarter. Compound Planning Inc. increased its stake in Sherwin-Williams by 10.0% during the first quarter. Compound Planning Inc. now owns 5,795 shares of the specialty chemicals company's stock worth $2,024,000 after acquiring an additional 528 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Sherwin-Williams by 2.7% during the first quarter. Ameriprise Financial Inc. now owns 598,971 shares of the specialty chemicals company's stock worth $209,174,000 after acquiring an additional 15,610 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.1%

SHW stock traded down $0.32 during mid-day trading on Tuesday, hitting $366.68. 1,828,376 shares of the company were exchanged, compared to its average volume of 1,800,242. The company has a market capitalization of $91.42 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16. 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 twelve month low of $308.84 and a twelve month high of $400.42. The firm has a fifty day simple moving average of $347.88 and a 200 day simple moving average of $348.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the 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 transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents 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 corporate insiders.

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets lowered their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.