Synovus Financial Corp Has $3.21 Million Holdings in The Sherwin-Williams Company $SHW

Key Points

• Synovus Financial Corp reduced its stake in The Sherwin-Williams Company by 10.7%, selling 1,105 shares during the first quarter, resulting in holdings valued at approximately $3.2 million.
• Several hedge funds have also adjusted their positions, with 77.67% of Sherwin-Williams stock now owned by institutional investors, indicating strong institutional interest in the company.
• Sherwin-Williams recently reported quarterly earnings of $3.38 per share, missing analysts' estimates, and set its FY 2025 guidance at 11.200-11.500 EPS.

Synovus Financial Corp reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,182 shares of the specialty chemicals company's stock after selling 1,105 shares during the quarter. Synovus Financial Corp's holdings in Sherwin-Williams were worth $3,206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. ICONIQ Capital LLC lifted its holdings in shares of Sherwin-Williams by 25.2% during the 1st quarter. ICONIQ Capital LLC now owns 1,212 shares of the specialty chemicals company's stock worth $423,000 after acquiring an additional 244 shares during the period. Cadence Bank increased its stake in Sherwin-Williams by 11.0% in the first quarter. Cadence Bank now owns 979 shares of the specialty chemicals company's stock valued at $342,000 after acquiring an additional 97 shares during the period. Smartleaf Asset Management LLC increased its stake in Sherwin-Williams by 2.5% in the first quarter. Smartleaf Asset Management LLC now owns 2,701 shares of the specialty chemicals company's stock valued at $918,000 after acquiring an additional 65 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Sherwin-Williams by 9.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 132,647 shares of the specialty chemicals company's stock valued at $46,319,000 after acquiring an additional 11,878 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its stake in Sherwin-Williams by 0.6% in the first quarter. Douglass Winthrop Advisors LLC now owns 387,091 shares of the specialty chemicals company's stock valued at $135,168,000 after acquiring an additional 2,332 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.3%

SHW stock traded down $1.01 during trading on Thursday, hitting $366.39. The company had a trading volume of 1,136,946 shares, compared to its average volume of 2,048,537. The firm has a 50-day moving average price of $350.03 and a 200-day moving average price of $348.33. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. 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 stock has a market cap of $91.35 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 3.05 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated 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 directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated 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. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Wells Fargo & Company lowered 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. UBS Group lowered their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Citigroup reduced their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets reduced 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 note on Wednesday, July 23rd. One 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, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $387.27.

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.