Strs Ohio Purchases Shares of 97,818 The Sherwin-Williams Company $SHW

Key Points

• Strs Ohio has acquired a new stake in The Sherwin-Williams Company, purchasing 97,818 shares valued at approximately $34.16 million.
• The company's stock has experienced a price range between $308.84 and $400.42 over the past year, currently trading at $368.79.
• Sherwin-Williams reported an EPS of $3.38 for the last quarter, missing expectations, while also announcing a quarterly dividend of $0.79.

Strs Ohio purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,818 shares of the specialty chemicals company's stock, valued at approximately $34,157,000.

A number of other institutional investors also recently bought and sold shares of the stock. Jacobi Capital Management LLC increased its stake in shares of Sherwin-Williams by 6.2% during the first quarter. Jacobi Capital Management LLC now owns 2,750 shares of the specialty chemicals company's stock valued at $960,000 after purchasing an additional 161 shares in the last quarter. Advisors Capital Management LLC increased its stake in shares of Sherwin-Williams by 20.2% during the first quarter. Advisors Capital Management LLC now owns 14,987 shares of the specialty chemicals company's stock valued at $5,233,000 after purchasing an additional 2,523 shares in the last quarter. WBI Investments LLC increased its stake in shares of Sherwin-Williams by 8.5% during the first quarter. WBI Investments LLC now owns 868 shares of the specialty chemicals company's stock valued at $303,000 after purchasing an additional 68 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Sherwin-Williams by 29.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the specialty chemicals company's stock valued at $396,000 after purchasing an additional 257 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams during the first quarter valued at approximately $33,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded down $8.09 on Friday, hitting $360.59. 1,848,790 shares of the company's stock were exchanged, compared to its average volume of 1,735,146. The company has a 50-day simple moving average of $354.25 and a 200-day simple moving average of $349.15. The stock has a market capitalization of $89.91 billion, a PE ratio of 35.77, a PEG ratio of 2.99 and a beta of 1.18. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams 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 in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHW shares. Loop Capital decreased 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. Citigroup reduced their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" 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 raised their price target for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $387.27.

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.