George Kaiser Family Foundation Purchases Shares of 775 The Sherwin-Williams Company $SHW

Key Points

• The George Kaiser Family Foundation acquired a new stake in The Sherwin-Williams Company, purchasing 775 shares valued at approximately $271,000.
• Analysts have lowered their price targets for Sherwin-Williams, with Loop Capital reducing its target from $395.00 to $380.00, while the stock currently holds a consensus rating of "Moderate Buy".
• The company reported earnings of $3.38 per share in its latest quarterly results, missing estimates by $0.38, despite achieving revenue of $6.31 billion.

George Kaiser Family Foundation acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 775 shares of the specialty chemicals company's stock, valued at approximately $271,000.

Several other hedge funds also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the fourth quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the first quarter worth approximately $27,000. Synergy Investment Management LLC grew its position 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 worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the first quarter worth approximately $30,000. Finally, HWG Holdings LP acquired a new stake in Sherwin-Williams in the 1st quarter valued at approximately $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Citigroup lowered their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their target price on 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, UBS Group cut their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $388.60.

Sherwin-Williams Stock Down 0.3%

Shares of NYSE SHW traded down $0.9850 during mid-day trading on Wednesday, hitting $366.9450. The company had a trading volume of 1,798,077 shares, compared to its average volume of 1,801,570. The company has a market capitalization of $91.49 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The business's 50-day simple moving average is $346.16 and its 200 day simple moving average is $347.93.

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 (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company 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 firm's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.