Swedbank AB Reduces Position in The Sherwin-Williams Company $SHW

Key Points

• Swedbank AB has reduced its stake in The Sherwin-Williams Company by 5.1%, now holding $38.56 million worth of shares after selling 6,005 shares in the second quarter.
• Sherwin-Williams reported an EPS of $3.38 for the most recent quarter, missing analysts' expectations by $0.38, and its revenue was $6.31 billion, in line with expectations.
• Analysts have recently lowered their price targets for Sherwin-Williams, with an average target now at $387.27, following a series of ratings adjustments from multiple brokerages.

Swedbank AB reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,286 shares of the specialty chemicals company's stock after selling 6,005 shares during the period. Swedbank AB's holdings in Sherwin-Williams were worth $38,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $27,000. Synergy Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $30,000. Finally, Saudi Central Bank bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.0%

Shares of NYSE:SHW traded up $0.00 during trading hours on Monday, hitting $346.80. The company's stock had a trading volume of 560,234 shares, compared to its average volume of 1,802,829. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $86.47 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.88 and a beta of 1.18. The firm's fifty day moving average price is $354.55 and its 200 day moving average price is $348.83.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $3.70 EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is presently 31.35%.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 transaction, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets lowered their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Mizuho lowered their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note 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 company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target 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.