Nearwater Capital Markets Ltd Makes New Investment in The Sherwin-Williams Company $SHW

Key Points

• Nearwater Capital Markets Ltd acquired 42,000 shares of The Sherwin-Williams Company, valued at approximately $14.66 million, as part of its first-quarter investments.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing expectations of $3.76 by $0.38, while achieving $6.31 billion in revenue.
• The company recently declared a quarterly dividend of $0.79 per share, which reflects an annualized dividend yield of 0.9% and a payout ratio of 31.35%.

Nearwater Capital Markets Ltd 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 42,000 shares of the specialty chemicals company's stock, valued at approximately $14,666,000.

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 position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams in the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank bought a new position in Sherwin-Williams in the 1st quarter valued at approximately $33,000. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other 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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 sale, the insider owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This trade 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 1.8%

Shares of Sherwin-Williams stock traded down $6.40 during midday trading on Wednesday, reaching $354.98. The company had a trading volume of 733,452 shares, compared to its average volume of 1,792,351. The stock has a fifty day moving average price of $353.57 and a 200 day moving average price of $348.94. 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 firm has a market cap of $88.51 billion, a PE ratio of 35.22, a P/E/G ratio of 3.12 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SHW shares. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped 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 note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped 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 note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.