Lbp Am Sa Sells 7,565 Shares of The Sherwin-Williams Company $SHW

Key Points

• Lbp Am Sa reduced its stake in The Sherwin-Williams Company by 13.6%, selling 7,565 shares and now holds 47,863 shares valued at approximately $16.4 million.
• In its latest earnings report, Sherwin-Williams missed the consensus EPS estimate by $0.38, reporting $3.38 EPS despite a 0.6% year-over-year revenue increase.
• Analyst ratings for Sherwin-Williams show a mix of opinions, with one Strong Buy, ten Buy, and six Hold ratings, and an average price target of $387.27.

Lbp Am Sa lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,863 shares of the specialty chemicals company's stock after selling 7,565 shares during the quarter. Lbp Am Sa's holdings in Sherwin-Williams were worth $16,434,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHW. Price T Rowe Associates Inc. MD lifted its position in shares of Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Nuveen LLC bought a new stake in shares of Sherwin-Williams in the first quarter worth $265,510,000. Assenagon Asset Management S.A. lifted its position in shares of Sherwin-Williams by 601.0% in the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company's stock worth $288,339,000 after purchasing an additional 719,965 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Sherwin-Williams by 223.1% in the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock worth $214,883,000 after purchasing an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Sherwin-Williams by 367.9% in the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock worth $187,590,000 after purchasing an additional 422,410 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $346.32 on Wednesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market cap of $86.35 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.85 and a beta of 1.18. The firm's fifty day moving average price is $354.93 and its two-hundred day moving average price is $348.45. 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 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 377 shares in the company, 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 Upgrades and Downgrades

A number of analysts have recently commented on SHW shares. 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 research 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 report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Mizuho dropped their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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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