Ethic Inc. Purchases 4,124 Shares of The Sherwin-Williams Company $SHW

Key Points

• Ethic Inc. increased its stake in Sherwin-Williams by 17.8% during the first quarter, owning 27,249 shares worth approximately $9.55 million.
• Recent analyst reports show varying price targets for Sherwin-Williams, with estimates ranging from $378 to $420 and an overall consensus rating of "Moderate Buy".
• The company recently declared a quarterly dividend of $0.79 per share, representing a dividend yield of 0.9%, with the ex-dividend date being August 15th.

Ethic Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,249 shares of the specialty chemicals company's stock after buying an additional 4,124 shares during the quarter. Ethic Inc.'s holdings in Sherwin-Williams were worth $9,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new position in Sherwin-Williams in the first quarter valued at about $27,000. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams in the first quarter valued at about $30,000. Finally, HWG Holdings LP acquired a new position in Sherwin-Williams in the first quarter valued at about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Wells Fargo & Company lowered their target price on Sherwin-Williams from $420.00 to $400.00 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 issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $388.60.

Sherwin-Williams Price Performance

NYSE SHW traded down $1.2580 during trading on Wednesday, hitting $366.6720. 1,018,956 shares of the company's stock were exchanged, compared to its average volume of 1,796,484. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market cap of $91.42 billion, a PE ratio of 36.41, a P/E/G ratio of 3.39 and a beta of 1.16. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock's 50 day moving average price is $346.16 and its two-hundred day moving average price is $347.93.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was 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 in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.