Northwest & Ethical Investments L.P. Acquires 2,393 Shares of The Sherwin-Williams Company $SHW

Key Points

• Northwest & Ethical Investments L.P. raised its stake in The Sherwin-Williams Company by 6.9%, owning a total of 37,009 shares worth approximately $12.9 million by the end of the first quarter.
• Several institutional investors increased their positions, with notable growth seen from First Trust Advisors LP, which raised its stake by 1,110.7% during the fourth quarter.
• Sherwin-Williams recently declared a quarterly dividend of $0.79 per share, which represents an annualized dividend yield of 0.9%.

Northwest & Ethical Investments L.P. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,009 shares of the specialty chemicals company's stock after buying an additional 2,393 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Sherwin-Williams were worth $12,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth about $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the 1st quarter valued at about $27,000. Synergy Investment Management LLC grew its position in Sherwin-Williams by 583.3% during 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 purchased a new stake in Sherwin-Williams during the 1st quarter valued at about $30,000. Finally, HWG Holdings LP purchased a new stake in Sherwin-Williams during the 1st quarter valued at about $46,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $0.9850 during trading on Wednesday, reaching $366.9450. 1,798,077 shares of the company traded hands, compared to its average volume of 1,801,570. The firm has a 50 day simple moving average of $346.16 and a 200-day simple moving average of $347.93. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $91.49 billion, a PE ratio of 36.40, a P/E/G ratio of 3.39 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.

Wall Street Analyst Weigh In

SHW has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective 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. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. UBS Group cut their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" 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 assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.

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.