Nissay Asset Management Corp Japan ADV Reduces Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Nissay Asset Management Corp Japan ADV reduced its stake in The Sherwin-Williams Company by 52.4% in the first quarter, now holding 30,662 shares valued at approximately $10.7 million.
• Research analysts have issued varying target price changes for Sherwin-Williams, with BMO Capital Markets reducing their target from $405 to $391, while Evercore ISI raised their target from $380 to $400.
• The Sherwin-Williams Company recently announced a quarterly dividend of $0.79 per share, representing an annualized dividend of $3.16 and a yield of 0.8%.

Nissay Asset Management Corp Japan ADV decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,662 shares of the specialty chemicals company's stock after selling 33,817 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Sherwin-Williams were worth $10,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nearwater Capital Markets Ltd acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $14,666,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sherwin-Williams by 14.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,188 shares of the specialty chemicals company's stock valued at $15,430,000 after acquiring an additional 5,716 shares during the period. Integrated Wealth Concepts LLC increased its position in Sherwin-Williams by 1.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock valued at $927,000 after acquiring an additional 33 shares during the period. Cinctive Capital Management LP acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $9,300,000. Finally, Banque Transatlantique SA increased its position in Sherwin-Williams by 86.7% in the 1st quarter. Banque Transatlantique SA now owns 2,003 shares of the specialty chemicals company's stock valued at $646,000 after acquiring an additional 930 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James P. Lang sold 860 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SHW shares. Loop Capital decreased their price target 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. Evercore ISI increased their price objective 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. JPMorgan Chase & Co. decreased 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. UBS Group decreased 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. Finally, Mizuho decreased 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 report on Wednesday, July 23rd. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Down 1.0%

Shares of Sherwin-Williams stock traded down $3.68 during trading hours on Wednesday, reaching $357.71. The company's stock had a trading volume of 1,715,298 shares, compared to its average volume of 1,798,703. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock's fifty day simple moving average is $353.57 and its two-hundred day simple moving average is $348.94. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market capitalization of $89.19 billion, a P/E ratio of 35.49, a P/E/G ratio of 3.12 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

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

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.