Findlay Park Partners LLP Acquires 152,200 Shares of The Sherwin-Williams Company $SHW

Key Points

• Findlay Park Partners LLP increased its stake in The Sherwin-Williams Company by 43.9%, acquiring an additional 152,200 shares, bringing their total ownership to 498,612 shares.
• Sherwin-Williams reported earnings per share of $3.38 for the latest quarter, missing analyst estimates of $3.76, with revenue of $6.31 billion, slightly up from the previous year.
• The company announced a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%, and a current payout ratio of 31.35%.

Findlay Park Partners LLP lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 43.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,612 shares of the specialty chemicals company's stock after buying an additional 152,200 shares during the period. Sherwin-Williams comprises approximately 1.8% of Findlay Park Partners LLP's holdings, making the stock its 26th largest holding. Findlay Park Partners LLP owned approximately 0.20% of Sherwin-Williams worth $174,110,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the 4th quarter valued at $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the first quarter valued at about $27,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in 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 period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams during the first quarter worth $30,000. Finally, HWG Holdings LP bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW stock opened at $366.8870 on Tuesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. 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 stock has a 50-day moving average price of $347.88 and a 200-day moving average price of $348.02. The firm has a market cap of $91.48 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). The firm 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 for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts expect 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 will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Citigroup decreased their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" 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 given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.