AIA Group Ltd Has $7.38 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• AIA Group Ltd increased its stake in The Sherwin-Williams Company by 24.9%, now holding a total of 21,130 shares worth approximately $7.38 million.
• Insider CAO James P. Lang sold 860 shares of Sherwin-Williams at an average price of $350.35, significantly reducing his ownership by 69.52%.
• Recent analyst reports have lowered price targets for Sherwin-Williams, with current estimates ranging from $296.00 to $400.00, alongside a consensus rating of "Moderate Buy".

AIA Group Ltd increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 24.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,130 shares of the specialty chemicals company's stock after buying an additional 4,209 shares during the quarter. AIA Group Ltd's holdings in Sherwin-Williams were worth $7,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Coppell Advisory Solutions LLC increased its stake in Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the period. Opal Wealth Advisors LLC increased its stake in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the period. Nicolet Advisory Services LLC increased its stake in Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after acquiring an additional 33 shares during the period. YANKCOM Partnership grew its stake in shares of Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after purchasing an additional 34 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its stake in shares of Sherwin-Williams by 4.9% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock valued at $264,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

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 on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW traded up $3.74 on Tuesday, hitting $358.32. The company's stock had a trading volume of 2,567,519 shares, compared to its average volume of 2,046,326. The company has a market capitalization of $89.34 billion, a PE ratio of 35.55, a PEG ratio of 3.35 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a 50 day moving average price of $345.58 and a 200 day moving average price of $347.84.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data 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 return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the company posted $3.70 EPS. The firm's quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued 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 currently 31.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. BMO Capital Markets lowered their price objective 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. Mizuho lowered 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. Loop Capital lowered their price objective 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. Finally, UBS Group lowered 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $383.33.

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.