Public Employees Retirement System of Ohio Has $33.11 Million Position in The Sherwin-Williams Company $SHW

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in The Sherwin-Williams Company by 1.7%, currently holding 96,431 shares valued at approximately $33.11 million.
• Insiders at Sherwin-Williams, including the CAO and another executive, have recently sold shares, indicating a decrease in their ownership in the company.
• Wall Street analysts have lowered their target prices for Sherwin-Williams, with UBS reducing it from $410 to $395, while maintaining a "buy" rating for the company.

Public Employees Retirement System of Ohio reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,431 shares of the specialty chemicals company's stock after selling 1,672 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Sherwin-Williams were worth $33,111,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Lynch & Associates IN boosted its holdings in shares of Sherwin-Williams by 1.7% during the second quarter. Lynch & Associates IN now owns 5,653 shares of the specialty chemicals company's stock worth $1,941,000 after purchasing an additional 92 shares during the period. IMS Capital Management acquired a new stake in shares of Sherwin-Williams during the second quarter worth approximately $456,000. Norden Group LLC lifted its stake in Sherwin-Williams by 6.9% in the second quarter. Norden Group LLC now owns 1,216 shares of the specialty chemicals company's stock valued at $417,000 after acquiring an additional 79 shares during the last quarter. Accurate Wealth Management LLC acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $248,000. Finally, CCM Investment Advisers LLC lifted its stake in Sherwin-Williams by 0.8% in the second quarter. CCM Investment Advisers LLC now owns 39,149 shares of the specialty chemicals company's stock valued at $13,442,000 after acquiring an additional 309 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group reduced their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Mizuho reduced their target price 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. Loop Capital reduced their target price 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. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. reduced their target price 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 equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Trading Down 0.5%

NYSE:SHW opened at $342.68 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a market cap of $85.44 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.86 and a beta of 1.18. 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 company's 50 day moving average is $354.76 and its 200-day moving average is $348.63.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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 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 the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $3.70 EPS. The company'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. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.