The Sherwin-Williams Company $SHW Shares Bought by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Sherwin-Williams by 83.1% during the 2nd quarter, owning approximately 470,948 shares valued at $161.7 million.
• A number of analysts have recently updated their ratings on Sherwin-Williams, with Bank of America upgrading it to "neutral" and raising the target price to $375.
• The company reported a miss in earnings with $3.38 per share for the last quarter, compared to analysts' expectations of $3.76, despite achieving revenue of $6.31 billion.

Vaughan Nelson Investment Management L.P. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 83.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 470,948 shares of the specialty chemicals company's stock after purchasing an additional 213,690 shares during the period. Sherwin-Williams makes up approximately 1.5% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 14th biggest holding. Vaughan Nelson Investment Management L.P. owned 0.19% of Sherwin-Williams worth $161,705,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $27,000. Synergy Investment Management LLC grew its position in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Sherwin-Williams in a report on Saturday, September 27th. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Trading Up 0.8%

SHW opened at $346.80 on Friday. 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 company's 50 day simple moving average is $355.10 and its two-hundred day simple moving average is $348.49. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The firm has a market capitalization of $86.47 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.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 business earned $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. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly 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 disclosure for this sale can be found here. 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.

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