Ameriprise Financial Inc. Buys 15,610 Shares of The Sherwin-Williams Company $SHW

Key Points

• Ameriprise Financial Inc. increased its stake in Sherwin-Williams by 2.7%, owning 598,971 shares valued at approximately $209 million after purchasing an additional 15,610 shares in the first quarter.
• The company announced a quarterly dividend of $0.79, with an ex-dividend date on August 15th, which translates to an annualized dividend of $3.16 and a yield of 0.8%.
• Analysts have mixed views on Sherwin-Williams, with target price adjustments ranging from $378 to $420, while the consensus rating remains “Moderate Buy” with a target price of $388.60.

Ameriprise Financial Inc. grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,971 shares of the specialty chemicals company's stock after buying an additional 15,610 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of Sherwin-Williams worth $209,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,011,000. Moors & Cabot Inc. increased its position in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after purchasing an additional 39 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $306,000. Finally, Wealthcare Advisory Partners LLC increased its position in Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE:SHW traded down $0.32 during trading on Tuesday, reaching $366.68. The stock had a trading volume of 1,828,376 shares, compared to its average volume of 1,800,242. The firm's fifty day moving average is $347.88 and its 200 day moving average is $348.02. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. 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 cap of $91.42 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 3.10 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 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 firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company posted $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, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday. One investment 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, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

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.