OMERS ADMINISTRATION Corp Cuts Holdings in The Sherwin-Williams Company $SHW

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in The Sherwin-Williams Company by 14.1%, owning 8,705 shares worth approximately $3,040,000 after selling 1,433 shares in the 1st quarter.
• Several analysts have adjusted their target prices for Sherwin-Williams, with Evercore ISI raising it to $400, while Citigroup lowered it to $375, reflecting a mixed outlook.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, representing an annualized dividend yield of 0.9%, scheduled for payment on September 5th.

OMERS ADMINISTRATION Corp lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,705 shares of the specialty chemicals company's stock after selling 1,433 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Sherwin-Williams were worth $3,040,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the first quarter worth $27,000. Synergy Investment Management LLC grew its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams during the first quarter valued at $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Evercore ISI upped their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly 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 position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded down $4.82 during mid-day trading on Tuesday, reaching $361.01. 1,469,138 shares of the company traded hands, compared to its average volume of 1,785,458. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a market cap of $90.01 billion, a PE ratio of 35.81, a PEG ratio of 3.04 and a beta of 1.18. The company's 50 day moving average price is $351.13 and its 200-day moving average price is $348.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly 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). The firm 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%. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. 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 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

About Sherwin-Williams

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.