Intech Investment Management LLC Has $2.15 Million Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Intech Investment Management LLC reduced its stake in The Sherwin-Williams Company by 24%, holding 6,157 shares worth approximately $2.15 million as of the latest SEC filing.
• Sherwin-Williams reported a missed EPS estimate of $3.38, falling short of the consensus estimate of $3.76, while revenue met expectations at $6.31 billion.
• The company announced a quarterly dividend of $0.79, representing an annualized yield of 0.9% with a payout ratio of 31.35%.

Intech Investment Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 24.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,157 shares of the specialty chemicals company's stock after selling 1,946 shares during the period. Intech Investment Management LLC's holdings in Sherwin-Williams were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at about $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 valued at $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the first quarter worth about $30,000. Finally, Saudi Central Bank bought a new stake in shares of Sherwin-Williams during the first quarter worth about $33,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Down 0.7%

Shares of NYSE:SHW opened at $357.48 on Tuesday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The stock has a fifty day simple moving average of $354.48 and a two-hundred day simple moving average of $349.07. 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 market capitalization of $89.13 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.99 and a beta of 1.18.

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 return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the prior year, the firm earned $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. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. 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 is currently 31.35%.

Insider Transactions at Sherwin-Williams

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 completion of the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The stock was 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 of the company's stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective 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. JPMorgan Chase & Co. decreased 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 reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group lowered their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock 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.

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