The Sherwin-Williams Company $SHW Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC has reduced its stake in Sherwin-Williams by 75.3%, owning 29,413 shares worth approximately $10.27 million after selling 89,746 shares in Q1.
• Sherwin-Williams reported earnings per share of $3.38 for the last quarter, missing estimates by $0.38, although their revenue matched expectations at $6.31 billion.
• The company has announced a quarterly dividend of $0.79 per share, with an ex-dividend date set for August 15th, representing an annual yield of 0.9%.

Kovitz Investment Group Partners LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 75.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,413 shares of the specialty chemicals company's stock after selling 89,746 shares during the period. Kovitz Investment Group Partners LLC's holdings in Sherwin-Williams were worth $10,271,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SHW. Coppell Advisory Solutions LLC increased its holdings in shares of Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 30 shares in the last quarter. Opal Wealth Advisors LLC grew its position in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the period. Nicolet Advisory Services LLC increased its holdings in Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 33 shares in the last quarter. YANKCOM Partnership raised its position in shares of Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after acquiring an additional 34 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its stake in shares of Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after acquiring an additional 35 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 0.5%

Shares of SHW traded down $1.7040 during midday trading on Wednesday, hitting $366.2260. The company had a trading volume of 938,659 shares, compared to its average volume of 1,795,826. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company's 50-day simple moving average is $346.16 and its 200-day simple moving average is $347.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a market capitalization of $91.31 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.39 and a beta of 1.16.

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 (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $388.60.

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.