Tamar Securities LLC Acquires 2,561 Shares of The Sherwin-Williams Company $SHW

Key Points

• Tamar Securities LLC increased its holdings in The Sherwin-Williams Company by 5.2%, now owning 51,987 shares worth approximately $18.15 million.
• The Sherwin-Williams Company reported earnings per share (EPS) of $3.38 for the last quarter, missing analysts' expectations by $0.38, while revenue matched estimates at $6.31 billion.
• The company recently declared a quarterly dividend of $0.79 per share, resulting in a 0.8% dividend yield.

Tamar Securities LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,987 shares of the specialty chemicals company's stock after purchasing an additional 2,561 shares during the quarter. Sherwin-Williams comprises approximately 2.5% of Tamar Securities LLC's holdings, making the stock its 19th largest holding. Tamar Securities LLC's holdings in Sherwin-Williams were worth $18,153,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock valued at $7,711,004,000 after purchasing an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Sherwin-Williams by 2.2% in the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sherwin-Williams by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock valued at $620,881,000 after purchasing an additional 111,128 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

SHW has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group dropped their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" 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 given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Down 3.7%

Shares of SHW traded down $13.86 during midday trading on Tuesday, hitting $361.37. The stock had a trading volume of 2,191,650 shares, compared to its average volume of 1,831,795. The company has a 50 day simple moving average of $353.57 and a two-hundred day simple moving average of $348.94. 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 cap of $90.10 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 3.12 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (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 firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the business earned $3.70 EPS. The business'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. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

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.