Sumitomo Mitsui DS Asset Management Company Ltd Has $94.89 Million Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Sherwin-Williams by 5.9%, acquiring an additional 15,492 shares to hold a total of 276,364 shares, representing 0.9% of its portfolio.
• The company reported earnings of $3.38 per share in its latest quarter, missing analyst expectations of $3.76, with a modest revenue increase of 0.6% year-over-year.
• Sherwin-Williams' stock has been downgraded and upgraded by various analysts, with a consensus rating of "Moderate Buy" and a price target averaging around $387.27.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,364 shares of the specialty chemicals company's stock after buying an additional 15,492 shares during the quarter. Sherwin-Williams makes up about 0.9% of Sumitomo Mitsui DS Asset Management Company Ltd's holdings, making the stock its 26th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.11% of Sherwin-Williams worth $94,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC lifted its position in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock worth $39,000 after buying an additional 33 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Sherwin-Williams by 1.3% in 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. Finally, Beacon Financial Group raised its holdings in shares of Sherwin-Williams by 5.1% during the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock valued at $235,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Bank of America upgraded 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 report on Thursday, August 14th. BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. UBS Group cut their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams 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 value 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 document filed with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm'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 completion of the sale, the insider owned 17,922 shares in the company, valued at $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. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded down $0.08 during trading on Monday, hitting $346.72. The stock had a trading volume of 1,224,126 shares, compared to its average volume of 1,779,235. The firm has a market cap of $86.45 billion, a PE ratio of 34.40, a P/E/G ratio of 2.88 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a 50 day simple moving average of $354.60 and a 200-day simple moving average of $348.70.

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 the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given 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 currently 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.