The Sherwin-Williams Company $SHW Position Cut by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH reduced its stake in The Sherwin-Williams Company by 2.3%, owning 111,369 shares valued at approximately $38.3 million after selling 2,576 shares.
• Several institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, made significant adjustments to their positions in Sherwin-Williams, highlighting ongoing investor interest.
• Despite posting a lower-than-expected earnings per share (EPS) of $3.38, Sherwin-Williams announced a quarterly dividend of $0.79, reflecting a dividend yield of 0.9% and a payout ratio of 31.35%.

Erste Asset Management GmbH lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,369 shares of the specialty chemicals company's stock after selling 2,576 shares during the period. Erste Asset Management GmbH's holdings in Sherwin-Williams were worth $38,300,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Voleon Capital Management LP bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $2,011,000. Moors & Cabot Inc. increased its stake in shares of Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sherwin-Williams in the first quarter worth $306,000. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $9.1350 during mid-day trading on Friday, reaching $372.9950. The company's stock had a trading volume of 2,298,477 shares, compared to its average volume of 2,073,316. The firm has a market cap of $93.00 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.02 and a beta of 1.16. The business has a 50 day moving average price of $347.25 and a 200-day moving average price of $348.21. 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.

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 analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during 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%.The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SHW shares. Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. BMO Capital Markets dropped their price target on shares of 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, Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

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.