MBB Public Markets I LLC Acquires Shares of 936 The Sherwin-Williams Company $SHW

Key Points

• MBB Public Markets I LLC purchased a new stake in The Sherwin-Williams Company worth approximately $327,000, acquiring 936 shares during the first quarter.
• Wall Street analysts have set a consensus price target of $387.27 for Sherwin-Williams, with an average rating of "Moderate Buy" among ratings from various firms.
• Sherwin-Williams reported earnings per share of $3.38 for the latest quarter, which missed the consensus estimate by $0.38, along with a revenue of $6.31 billion.

MBB Public Markets I LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 936 shares of the specialty chemicals company's stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Synergy Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SHW shares. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, UBS Group lowered their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 2.2%

Shares of SHW traded down $8.09 during trading hours on Friday, hitting $360.59. 1,848,790 shares of the stock were exchanged, compared to its average volume of 1,731,962. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business has a 50-day moving average of $354.25 and a 200-day moving average of $349.22. The firm has a market capitalization of $89.91 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company earned $3.70 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date was 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.