The Sherwin-Williams Company $SHW Stake Lowered by Ieq Capital LLC

Key Points

• Ieq Capital LLC sold 5,286 shares of Sherwin-Williams, reducing its position by 32.4% in the first quarter, leaving it with a total of 11,033 shares valued at approximately $3.85 million.
• The company reported earnings of $3.38 per share for the quarter, falling short of expectations, while its revenue increased by 0.6% year over year to $6.31 billion.
• Sherwin-Williams declared a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%, to be paid on September 5th to stockholders of record as of August 15th.

Ieq Capital LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,033 shares of the specialty chemicals company's stock after selling 5,286 shares during the period. Ieq Capital LLC's holdings in Sherwin-Williams were worth $3,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams during the first quarter worth approximately $27,000. Synergy Investment Management LLC raised its holdings in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams during the first quarter worth approximately $30,000. Finally, HWG Holdings LP bought a new stake in Sherwin-Williams during the first quarter worth approximately $46,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 1.3%

NYSE:SHW traded down $4.82 during trading hours on Tuesday, hitting $361.01. 1,469,138 shares of the stock traded hands, compared to its average volume of 1,785,458. The firm has a 50 day moving average price of $351.13 and a 200 day moving average price of $348.29. 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 fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market cap of $90.01 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 3.04 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current 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 paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Insider Buying and Selling at Sherwin-Williams

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

Wall Street Analyst Weigh In

SHW has been the topic of several research reports. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. UBS Group cut their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets cut their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. 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. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus 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.