Park Avenue Securities LLC Buys Shares of 8,250 The Sherwin-Williams Company $SHW

Key Points

• Park Avenue Securities LLC has acquired 8,250 shares of The Sherwin-Williams Company, valued at approximately $2.83 million, reflecting continued interest from institutional investors in the specialty chemicals firm.
• Sherwin-Williams reported quarterly earnings of $3.38 per share, missing analyst expectations, but its revenue remained stable at $6.31 billion, showing a slight year-over-year increase.
• The company recently declared a quarterly dividend of $0.79, translating to an annual yield of 0.9%, with a dividend payout ratio of 31.35%.

Park Avenue Securities LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,250 shares of the specialty chemicals company's stock, valued at approximately $2,833,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams in the first quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC raised its position in Sherwin-Williams by 583.3% in the first 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 period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new stake in Sherwin-Williams in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.6%

Shares of NYSE:SHW opened at $344.44 on Wednesday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company's 50 day moving average is $354.71 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. The company has a market cap of $85.88 billion, a PE ratio of 34.17, a P/E/G ratio of 2.88 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the prior year, the company posted $3.70 earnings per share. The company'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. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

A number of analysts have issued reports on SHW shares. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Citigroup cut their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the stock in a transaction 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 transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James P. Lang sold 860 shares of the stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

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.

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