The Sherwin-Williams Company $SHW Shares Acquired by Makena Capital Management LLC

Key Points

• Makena Capital Management LLC increased its position in Sherwin-Williams by 62.9%, owning 53,204 shares valued at approximately $18.58 million, making it the firm's 15th largest investment.
• Sherwin-Williams reported a quarterly EPS of $3.38, falling short of the consensus estimate of $3.76, with year-over-year revenue growth of 0.6% to $6.31 billion.
• The company declared a quarterly dividend of $0.79, representing an annualized yield of 0.9%, as part of a payout ratio of 31.35%.

Makena Capital Management LLC grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 62.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,204 shares of the specialty chemicals company's stock after purchasing an additional 20,550 shares during the quarter. Sherwin-Williams comprises approximately 1.9% of Makena Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Makena Capital Management LLC's holdings in Sherwin-Williams were worth $18,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Sherwin-Williams by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock valued at $7,711,004,000 after buying an additional 245,896 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after acquiring an additional 960,724 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sherwin-Williams by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock valued at $620,881,000 after purchasing an additional 111,128 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SHW. UBS Group decreased their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their target price on 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 cut their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets decreased their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" 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 given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $388.60.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $0.9850 during mid-day trading on Wednesday, hitting $366.9450. The company had a trading volume of 1,798,077 shares, compared to its average volume of 1,801,570. The company has a market capitalization of $91.49 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 3.39 and a beta of 1.16. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company's fifty day moving average is $346.16 and its 200-day moving average is $347.93. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm 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. The business'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 research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. 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 (DPR) is 31.35%.

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.