Nomura Holdings Inc. Reduces Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Nomura Holdings Inc. cut its stake in The Sherwin-Williams Company by 66.2% during Q1, owning 17,508 shares post-sale.
• Sherwin-Williams reported Q2 earnings of $3.38 EPS, missing estimates of $3.76 EPS, with revenues hitting $6.31 billion.
• The company's quarterly dividend is set at $0.79 per share, with a yield of 0.9%, payable on September 5th.

Nomura Holdings Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 66.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,508 shares of the specialty chemicals company's stock after selling 34,360 shares during the quarter. Nomura Holdings Inc.'s holdings in Sherwin-Williams were worth $6,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares during the period. Baldwin Investment Management LLC increased its holdings in Sherwin-Williams by 16.6% in the fourth quarter. Baldwin Investment Management LLC now owns 1,757 shares of the specialty chemicals company's stock valued at $597,000 after buying an additional 250 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at $331,000. Captrust Financial Advisors increased its holdings in Sherwin-Williams by 15.2% in the fourth quarter. Captrust Financial Advisors now owns 29,448 shares of the specialty chemicals company's stock valued at $10,010,000 after buying an additional 3,877 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Sherwin-Williams by 6.3% in the fourth quarter. Cetera Investment Advisers now owns 61,674 shares of the specialty chemicals company's stock valued at $20,965,000 after buying an additional 3,681 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW traded up $6.61 during mid-day trading on Friday, hitting $372.39. 3,066,956 shares of the company's stock were exchanged, compared to its average volume of 1,813,914. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market capitalization of $92.85 billion, a P/E ratio of 36.94, a P/E/G ratio of 3.04 and a beta of 1.18. The business's 50 day moving average is $352.81 and its two-hundred day moving average is $348.67. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company posted $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. On average, equities analysts expect 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. Investors of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.8%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group dropped their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Citigroup decreased their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company decreased 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. Finally, 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 note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was 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 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.