The Sherwin-Williams Company $SHW Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in The Sherwin-Williams Company by 2.8%, selling 2,317 shares and holding a total of 79,195 shares worth approximately $27.65 million.
• Sherwin-Williams reported a net margin of 11.03% and earnings per share (EPS) of $3.38 for the last quarter, missing analysts' estimates, while revenue was slightly up by 0.6% year-over-year.
• The company announced a quarterly dividend of $0.79 per share, reflecting an annualized yield of 0.9%, with the dividend payment scheduled for September 5th.

Lansforsakringar Fondforvaltning AB publ reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,195 shares of the specialty chemicals company's stock after selling 2,317 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Sherwin-Williams were worth $27,654,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams in the first quarter worth $27,000. Synergy Investment Management LLC lifted its stake 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 buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at $30,000. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams during the first quarter valued at $46,000. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lifted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, Citigroup lowered their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded down $0.26 during trading on Monday, reaching $365.92. The company had a trading volume of 1,328,498 shares, compared to its average volume of 1,880,490. The firm's fifty day moving average is $350.69 and its 200 day moving average is $348.22. 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 $91.24 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

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

Sherwin-Williams Dividend Announcement

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

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.