State of Alaska Department of Revenue Sells 1,300 Shares of The Sherwin-Williams Company $SHW

Key Points

• The State of Alaska Department of Revenue has reduced its stake in The Sherwin-Williams Company by 4.8%, selling 1,300 shares during the second quarter, leaving it with 25,839 shares valued at approximately $8.87 million.
• Sherwin-Williams reported earnings of $3.38 EPS for the quarter, missing analysts' expectations by $0.38, with revenue matching consensus at $6.31 billion.
• The company recently announced a quarterly dividend of $0.79, which resulted in an annualized yield of 0.9% and a dividend payout ratio of 31.35%.

State of Alaska Department of Revenue reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,839 shares of the specialty chemicals company's stock after selling 1,300 shares during the period. State of Alaska Department of Revenue's holdings in Sherwin-Williams were worth $8,872,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Moors & Cabot Inc. raised its holdings in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after purchasing an additional 39 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at about $515,000. Kingswood Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams during the first quarter worth $306,000. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $342.05 on Friday. The company has a 50-day moving average price of $354.82 and a two-hundred day moving average price of $348.42. 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 Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market capitalization of $85.28 billion, a PE ratio of 33.93, a P/E/G ratio of 2.84 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts forecast 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 issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the firm'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 completion of the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the firm'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 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. 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.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Wells Fargo & Company lowered their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" 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 given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Company 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.

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