J. Safra Sarasin Holding AG Increases Stock Position in The Sherwin-Williams Company $SHW

Key Points

• J. Safra Sarasin Holding AG increased its stake in The Sherwin-Williams Company by 96.6%, raising its total holdings to 5,054 shares valued at approximately $1.735 million.
• Sherwin-Williams reported earnings of $3.38 per share for the latest quarter, which fell short of analysts' expectations of $3.76, despite achieving revenue of $6.31 billion.
• The company announced a quarterly dividend of $0.79, resulting in an annualized dividend yield of 0.9% for shareholders.

J. Safra Sarasin Holding AG raised its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 96.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,054 shares of the specialty chemicals company's stock after purchasing an additional 2,483 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Sherwin-Williams were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its holdings in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of Sherwin-Williams in the first quarter valued at $515,000. Kingswood Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams in the 1st quarter valued at about $306,000. Finally, Moody Lynn & Lieberson LLC grew its stake in Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after acquiring an additional 11,828 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $346.80 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The stock's 50 day moving average is $355.10 and its two-hundred day moving average is $348.49. The company has a market capitalization of $86.47 billion, a PE ratio of 34.40, a P/E/G ratio of 2.86 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is presently 31.35%.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the business'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 directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. UBS Group cut their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Sherwin-Williams in a report on Saturday, September 27th. Finally, Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently 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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