The Sherwin-Williams Company $SHW Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. has decreased its stock position in The Sherwin-Williams Company by 44.7% in the 1st quarter, now holding 9,899 shares valued at approximately $3.46 million.
• During the same period, several other institutional investors have increased their stakes in Sherwin-Williams, with total institutional ownership now at 77.67%.
• The company reported $3.38 EPS for its latest quarter, missing analysts' expectations by $0.38, despite a revenue of $6.31 billion which met expectations.

Meiji Yasuda Asset Management Co Ltd. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 44.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,899 shares of the specialty chemicals company's stock after selling 7,992 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Sherwin-Williams were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SHW. GAMMA Investing LLC increased its stake in Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Sherwin-Williams by 21.0% during 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 acquiring an additional 1,505,341 shares during the last quarter. Nuveen LLC acquired a new stake in Sherwin-Williams during the first quarter worth about $265,510,000. National Bank of Canada FI increased its stake in Sherwin-Williams by 223.1% during 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 acquiring an additional 424,930 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in Sherwin-Williams by 367.9% during 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 acquiring an additional 422,410 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider 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 through the SEC website. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 2.2%

Shares of NYSE SHW traded down $8.09 on Friday, hitting $360.59. The company had a trading volume of 1,848,790 shares, compared to its average volume of 1,731,962. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The business has a 50 day moving average of $354.25 and a two-hundred day moving average of $349.22. 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 firm has a market capitalization of $89.91 billion, a P/E ratio of 35.77, a PEG ratio of 3.06 and a beta of 1.18.

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 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 company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the company earned $3.70 EPS. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on SHW. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

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.