1,157 Shares in The Sherwin-Williams Company $SHW Purchased by Quarry LP

Key Points

• Quarry LP invested approximately $404,000 in The Sherwin-Williams Company, purchasing 1,157 shares during the first quarter.
• Several hedge funds have recently modified their holdings of Sherwin-Williams, with a total of 77.67% of the stock currently owned by institutional investors.
• Wall Street analysts have mixed ratings on Sherwin-Williams, with a consensus rating of "Moderate Buy" and an average price target of $387.27.

Quarry LP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,157 shares of the specialty chemicals company's stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHW. GAMMA Investing LLC increased its position in shares of Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after acquiring an additional 1,505,341 shares during the period. Nuveen LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at $265,510,000. National Bank of Canada FI increased its position in shares of Sherwin-Williams by 223.1% in the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after acquiring an additional 424,930 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Sherwin-Williams by 45.0% in the 1st quarter. Wellington Management Group LLP now owns 1,163,880 shares of the specialty chemicals company's stock valued at $406,415,000 after acquiring an additional 361,113 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $0.99 during trading on Wednesday, reaching $361.91. 2,515,337 shares of the company's stock traded hands, compared to its average volume of 1,773,203. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. 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 firm has a market cap of $90.24 billion, a PE ratio of 35.90, a P/E/G ratio of 3.04 and a beta of 1.18. The company has a 50-day simple moving average of $351.80 and a 200-day simple moving average of $348.47.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business earned $3.70 earnings per share. Sherwin-Williams's revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is 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 (DPR) is 31.35%.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Loop Capital cut their target price on 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 target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Citigroup cut their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI lifted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. One 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's stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams 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.