Kayne Anderson Rudnick Investment Management LLC Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in The Sherwin-Williams Company by 26.3%, now holding 30,083 shares worth approximately $10.5 million.
• Several large investors, including Tandem Wealth Advisors and ICONIQ Capital, have also recently boosted their positions in Sherwin-Williams, indicating a trend of increasing institutional investment.
• Sherwin-Williams reported Q2 earnings of $3.38 EPS, falling short of the consensus estimate of $3.76, and announced a dividend of $0.79 per share, with a payout ratio of 31.35%.

Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,083 shares of the specialty chemicals company's stock after purchasing an additional 6,257 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Sherwin-Williams were worth $10,505,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHW. Tandem Wealth Advisors LLC lifted its position in Sherwin-Williams by 16.0% during the first quarter. Tandem Wealth Advisors LLC now owns 1,030 shares of the specialty chemicals company's stock valued at $360,000 after acquiring an additional 142 shares during the last quarter. ICONIQ Capital LLC lifted its position in Sherwin-Williams by 25.2% during the first quarter. ICONIQ Capital LLC now owns 1,212 shares of the specialty chemicals company's stock valued at $423,000 after acquiring an additional 244 shares during the last quarter. Cadence Bank lifted its position in Sherwin-Williams by 11.0% during the first quarter. Cadence Bank now owns 979 shares of the specialty chemicals company's stock valued at $342,000 after acquiring an additional 97 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Sherwin-Williams by 2.5% during the first quarter. Smartleaf Asset Management LLC now owns 2,701 shares of the specialty chemicals company's stock valued at $918,000 after acquiring an additional 65 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Sherwin-Williams by 9.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 132,647 shares of the specialty chemicals company's stock valued at $46,319,000 after acquiring an additional 11,878 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup decreased their target price 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 decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of 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 decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $388.60.

Sherwin-Williams Stock Down 1.6%

NYSE:SHW opened at $366.8870 on Tuesday. The firm has a market capitalization of $91.48 billion, a P/E ratio of 36.40, a PEG ratio of 3.10 and a beta of 1.16. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company's fifty day moving average price is $347.88 and its 200-day moving average price is $348.02. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the 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 owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Company 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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