Fifth Third Bancorp Sells 33,368 Shares of The Sherwin-Williams Company $SHW

Key Points

• Fifth Third Bancorp has reduced its stake in The Sherwin-Williams Company by 9.6%, selling 33,368 shares in the second quarter and now holds approximately 0.13% of the company's stock.
• Sherwin-Williams reported $3.38 EPS for its most recent quarter, missing analysts' expectations by $0.38, while its revenue of $6.31 billion met forecasts.
• The company recently declared a quarterly dividend of $0.79, representing an annual yield of 0.9%, with a payout ratio of 31.35%.

Fifth Third Bancorp lessened its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 313,288 shares of the specialty chemicals company's stock after selling 33,368 shares during the period. Fifth Third Bancorp owned approximately 0.13% of Sherwin-Williams worth $107,571,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Opal Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after acquiring an additional 32 shares in the last quarter. Nicolet Advisory Services LLC increased its position in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock worth $39,000 after acquiring an additional 33 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Sherwin-Williams by 1.3% during the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after acquiring an additional 33 shares in the last quarter. Finally, Beacon Financial Group increased its position in shares of Sherwin-Williams by 5.1% during the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.6%

Sherwin-Williams stock opened at $344.44 on Wednesday. The company has a market cap of $85.88 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. 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 company has a fifty day simple moving average of $354.71 and a 200 day simple moving average of $348.67. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

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 analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective 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. BMO Capital Markets lowered their price objective 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. Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. UBS Group decreased their target price 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. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

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.

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