Czech National Bank Raises Stock Position in The Sherwin-Williams Company $SHW

Key Points

• The Czech National Bank increased its holdings in Sherwin-Williams by 5.9%, owning 56,355 shares valued at approximately $19.35 million.
• Sherwin-Williams reported $3.38 EPS for the most recent quarter, missing the consensus estimate of $3.76 but achieving a revenue of $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, representing an annualized dividend yield of 0.9%.

Czech National Bank lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,355 shares of the specialty chemicals company's stock after buying an additional 3,136 shares during the quarter. Czech National Bank's holdings in Sherwin-Williams were worth $19,350,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Moors & Cabot Inc. increased its position in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Sherwin-Williams during the first quarter worth $515,000. Kingswood Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth $306,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SHW shares. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Performance

SHW stock traded down $2.78 during mid-day trading on Friday, hitting $346.78. The company had a trading volume of 2,559,003 shares, compared to its average volume of 1,766,213. The firm has a market cap of $86.46 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.18. 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 12 month low of $308.84 and a 12 month high of $400.42. The stock's fifty day moving average price is $354.55 and its two-hundred day moving average price is $349.00.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

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.