The Manufacturers Life Insurance Company Purchases 4,534 Shares of The Sherwin-Williams Company $SHW

Key Points

• The Manufacturers Life Insurance Company increased its stake in The Sherwin-Williams Company by 2.5% during Q1, acquiring an additional 4,534 shares, bringing its total ownership to approximately 0.08% valued at $66.1 million.
• Multiple research firms have revised their price targets for Sherwin-Williams, with estimates ranging from $375.00 to $400.00, and an average consensus target price of $387.27.
• Sherwin-Williams reported Q2 earnings of $3.38 EPS, missing consensus expectations of $3.76, while its revenue showed a modest year-over-year increase of 0.6%.

The Manufacturers Life Insurance Company increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,348 shares of the specialty chemicals company's stock after acquiring an additional 4,534 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Sherwin-Williams worth $66,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC increased its holdings in Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after acquiring an additional 32 shares during the period. Nicolet Advisory Services LLC increased its holdings in Sherwin-Williams by 3.1% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 33 shares during the period. YANKCOM Partnership increased its holdings in Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after acquiring an additional 34 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after acquiring an additional 35 shares during the period. Finally, Zhang Financial LLC grew its stake in Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after buying an additional 36 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SHW. Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Citigroup cut their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $365.92 on Friday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The stock has a market capitalization of $91.24 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 3.04 and a beta of 1.16. The company has a fifty day moving average of $350.69 and a 200-day moving average of $348.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $6.31 billion. During the same period last year, the company posted $3.70 EPS. Sherwin-Williams's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared 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 of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were 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 of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

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.

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