The Sherwin-Williams Company $SHW Stock Position Reduced by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its holdings in The Sherwin-Williams Company by 20.1%, selling 2,329 shares, leaving them with 9,235 shares valued at approximately $3.22 million.
• Other institutional investors have been active as well, with Vanguard Group Inc. increasing its stake by 1.1% and Price T Rowe Associates Inc. raising their holdings by 21.0% in the same quarter.
• The company missed analysts' EPS estimates in its recent quarterly earnings, posting $3.38 compared to the expected $3.76, while reporting a revenue increase of 0.6% year-over-year.

Panagora Asset Management Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,235 shares of the specialty chemicals company's stock after selling 2,329 shares during the period. Panagora Asset Management Inc.'s holdings in Sherwin-Williams were worth $3,225,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $224,611.38. Following the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This 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 insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $6.61 during midday trading on Friday, reaching $372.39. The company's stock had a trading volume of 3,066,956 shares, compared to its average volume of 1,813,914. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average price of $352.81 and a 200 day moving average price of $348.67. 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 cap of $92.85 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.8%. Sherwin-Williams's payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 note on Tuesday, August 26th. Citigroup reduced their price target 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 reduced their price target 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. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Loop Capital reduced 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 note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

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.