Tema Etfs LLC Buys 3,420 Shares of The Sherwin-Williams Company $SHW

Key Points

• Tema Etfs LLC increased its holdings in The Sherwin-Williams Company by 145.3% in Q1, resulting in ownership of 5,773 shares valued at approximately $2 million.
• Major institutional investors, including Vanguard and Price T Rowe Associates, have also raised their stakes in Sherwin-Williams, with 77.67% of the company's stock now held by institutional investors.
• The company reported earnings of $3.38 per share for the last quarter, missing estimates by $0.38, while also declaring a quarterly dividend of $0.79 per share, translating to a 0.9% yield.

Tema Etfs LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 145.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,773 shares of the specialty chemicals company's stock after acquiring an additional 3,420 shares during the quarter. Tema Etfs LLC's holdings in Sherwin-Williams were worth $2,016,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after buying an additional 655 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Sherwin-Williams by 15.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,622 shares of the specialty chemicals company's stock valued at $891,000 after buying an additional 356 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $428,000. Utah Retirement Systems increased its stake in Sherwin-Williams by 0.3% in the 4th quarter. Utah Retirement Systems now owns 38,934 shares of the specialty chemicals company's stock worth $13,235,000 after purchasing an additional 100 shares during the period. Finally, Voleon Capital Management LP purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $2,011,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.1%

Shares of SHW traded down $0.26 during mid-day trading on Monday, hitting $365.92. 1,328,498 shares of the company's stock traded hands, compared to its average volume of 1,880,490. 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 Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market capitalization of $91.24 billion, a P/E ratio of 36.30, a PEG ratio of 3.04 and a beta of 1.18. The business's 50-day moving average price is $350.69 and its 200-day moving average price is $348.22.

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 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 for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. 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, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company decreased their price target 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 reduced their target price 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 investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price 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.