The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC reduced its stake in The Sherwin-Williams Company by 49.7%, selling 3,631 shares during the first quarter, leaving them with 3,675 shares valued at approximately $1.28 million.
• Several brokerages have modified their price targets for Sherwin-Williams, with Bank of America raising the target to $296.00 while UBS Group lowered it to $395.00, reflecting varied forecasts among analysts.
• Sherwin-Williams reported quarterly earnings of $3.38 per share, missing estimates by $0.38, with a net margin of 11.03% and annual revenue growth of 0.6%.

Mizuho Markets Americas LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 49.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,675 shares of the specialty chemicals company's stock after selling 3,631 shares during the period. Mizuho Markets Americas LLC's holdings in Sherwin-Williams were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SHW. Brighton Jones LLC lifted its stake in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the period. Sterling Capital Management LLC increased its holdings in Sherwin-Williams by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,250 shares of the specialty chemicals company's stock worth $3,144,000 after acquiring an additional 565 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Sherwin-Williams by 7.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 74,398 shares of the specialty chemicals company's stock worth $25,291,000 after acquiring an additional 4,852 shares in the last quarter. Townsquare Capital LLC increased its holdings in Sherwin-Williams by 33.3% in the 4th quarter. Townsquare Capital LLC now owns 28,445 shares of the specialty chemicals company's stock worth $9,669,000 after acquiring an additional 7,103 shares in the last quarter. Finally, Optimize Financial Inc purchased a new stake in Sherwin-Williams in the 4th quarter worth $231,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price 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. Finally, Mizuho dropped their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $388.60.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 1.0%

NYSE SHW traded down $3.58 during trading hours on Thursday, reaching $365.25. The company had a trading volume of 1,481,308 shares, compared to its average volume of 1,790,200. The stock has a 50-day moving average of $345.71 and a 200 day moving average of $347.99. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $91.07 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the company earned $3.70 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared 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. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 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.