Sandler Capital Management Decreases Holdings in The Sherwin-Williams Company $SHW

Key Points

• Sandler Capital Management decreased its stake in Sherwin-Williams by 46.6%, reducing its holdings to 14,458 shares after selling 12,597 shares in the first quarter, which now constitutes approximately 1.3% of its investment portfolio.
• The company reported earnings per share of $3.38 for its last quarter, missing estimates by $0.38, but achieving a slight revenue increase of 0.6% compared to the previous year.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, representing an annual yield of 0.8%, with a payout ratio of 31.35%.

Sandler Capital Management trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 46.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,458 shares of the specialty chemicals company's stock after selling 12,597 shares during the period. Sherwin-Williams makes up 1.3% of Sandler Capital Management's investment portfolio, making the stock its 20th largest holding. Sandler Capital Management's holdings in Sherwin-Williams were worth $5,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nearwater Capital Markets Ltd bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $14,666,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sherwin-Williams by 14.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,188 shares of the specialty chemicals company's stock worth $15,430,000 after buying an additional 5,716 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after buying an additional 33 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Sherwin-Williams in the 1st quarter worth $9,300,000. Finally, Banque Transatlantique SA lifted its holdings in shares of Sherwin-Williams by 86.7% in the 1st quarter. Banque Transatlantique SA now owns 2,003 shares of the specialty chemicals company's stock worth $646,000 after purchasing an additional 930 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's 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 sale, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SHW. BMO Capital Markets cut their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI increased their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a 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 report on Wednesday, July 23rd. Finally, Citigroup cut their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Down 3.7%

NYSE:SHW traded down $13.86 during trading hours on Tuesday, hitting $361.37. 2,191,650 shares of the company traded hands, compared to its average volume of 1,831,795. 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's 50-day simple moving average is $353.57 and its 200-day simple moving average is $348.94. 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 $90.10 billion, a PE ratio of 35.85, a PEG ratio of 3.12 and a beta of 1.18.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

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.