LGT Fund Management Co Ltd. Has $2.87 Million Position in The Sherwin-Williams Company $SHW

Key Points

• LGT Fund Management Co Ltd. significantly reduced its stake in The Sherwin-Williams Company by 66.6% in the second quarter, leaving them with a position valued at $2.87 million.
• Other institutional investors have increased their holdings, with Vaughan Nelson Investment Management L.P. raising its stake by 83.1%, now owning shares worth $161.7 million.
• Analysts have mixed sentiments towards Sherwin-Williams, with recent price targets cut by firms like Loop Capital and Citigroup, while Bank of America upgraded its rating to neutral.

LGT Fund Management Co Ltd. lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 66.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,358 shares of the specialty chemicals company's stock after selling 16,700 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Sherwin-Williams were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Ameriflex Group Inc. boosted its holdings in Sherwin-Williams by 28.3% in the second quarter. Ameriflex Group Inc. now owns 222 shares of the specialty chemicals company's stock valued at $76,000 after acquiring an additional 49 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Sherwin-Williams by 18.7% in the second quarter. QRG Capital Management Inc. now owns 55,449 shares of the specialty chemicals company's stock valued at $19,039,000 after acquiring an additional 8,740 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Sherwin-Williams by 83.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 470,948 shares of the specialty chemicals company's stock valued at $161,705,000 after acquiring an additional 213,690 shares during the last quarter. Ascent Group LLC boosted its holdings in Sherwin-Williams by 19.1% in the second quarter. Ascent Group LLC now owns 4,029 shares of the specialty chemicals company's stock valued at $1,383,000 after acquiring an additional 645 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Sherwin-Williams by 17.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the specialty chemicals company's stock valued at $1,624,000 after acquiring an additional 687 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHW shares. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Citigroup reduced their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets cut their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" 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 price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, Mizuho cut their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The stock was 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 $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This 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 company insiders.

Sherwin-Williams Price Performance

Shares of SHW opened at $346.80 on Friday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The business's fifty day moving average is $355.10 and its 200 day moving average is $348.49. 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 stock has a market cap of $86.47 billion, a P/E 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 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the business 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. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

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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