IMS Capital Management Invests $456,000 in The Sherwin-Williams Company $SHW

Key Points

• IMS Capital Management invested $456,000 in The Sherwin-Williams Company by acquiring 1,328 shares during the second quarter.
• The company reported $3.38 earnings per share for the last quarter, missing estimates, with a net margin of 11.03% and revenue of $6.31 billion.
• Insiders of Sherwin-Williams have recently sold shares, with CAO James P. Lang reducing his position by 69.52% after selling 860 shares at an average price of $350.35.

IMS Capital Management acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,328 shares of the specialty chemicals company's stock, valued at approximately $456,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after buying an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock worth $3,023,126,000 after acquiring an additional 1,505,341 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock worth $1,539,652,000 after purchasing an additional 93,209 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Sherwin-Williams by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock valued at $536,495,000 after purchasing an additional 64,325 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were 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 of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction on Monday, August 25th. The stock was 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 of the company's stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $344.44 on Wednesday. The company has a market cap of $85.88 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.88 and a beta of 1.18. 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 stock's fifty day moving average price is $354.71 and its 200 day moving average price is $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 posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 analysts' expectations of $6.31 billion. During the same quarter in the previous year, the firm posted $3.70 EPS. The firm'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. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Citigroup decreased 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 report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. UBS Group decreased their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets dropped their target price 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. Finally, Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams 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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