17,353 Shares in The Sherwin-Williams Company $SHW Purchased by Night Squared LP

Key Points

• Night Squared LP has acquired 17,353 shares of The Sherwin-Williams Company, totaling approximately $6.06 million, making it the firm's 10th largest holding.
• Sherwin-Williams recently reported an EPS of $3.38 for the last quarter, missing analyst expectations, but had revenues of $6.31 billion, aligning with estimates.
• The company declared a quarterly dividend of $0.79 per share, with a dividend yield of 0.9% and a payout ratio of 31.35%.

Night Squared LP purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,353 shares of the specialty chemicals company's stock, valued at approximately $6,059,000. Sherwin-Williams makes up about 3.6% of Night Squared LP's holdings, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its holdings in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after purchasing an additional 39 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Sherwin-Williams during the first quarter worth $306,000. Wealthcare Advisory Partners LLC boosted its holdings in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock worth $1,636,000 after purchasing an additional 773 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the firm's 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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated 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. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. UBS Group reduced their target price 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. Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Performance

Shares of SHW traded down $4.82 during trading hours on Tuesday, hitting $361.01. The company had a trading volume of 1,469,138 shares, compared to its average volume of 1,773,203. The firm has a market cap of $90.01 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.04 and a beta of 1.18. The business has a fifty day moving average of $351.13 and a 200-day moving average of $348.29. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 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.