Advisors Capital Management LLC Grows Stake in The Sherwin-Williams Company $SHW

Key Points

• Advisors Capital Management LLC increased its holdings in The Sherwin-Williams Company by 20.2% during the first quarter, owning 14,987 shares valued at approximately $5.2 million.
• Sherwin-Williams reported a net margin of 11.03% and a return on equity of 66.91%, despite missing earnings per share expectations for the quarter.
• The company's quarterly dividend was recently declared at $0.79, with an annualized yield of 0.9% and a payout ratio of 31.35%.

Advisors Capital Management LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,987 shares of the specialty chemicals company's stock after purchasing an additional 2,523 shares during the quarter. Advisors Capital Management LLC's holdings in Sherwin-Williams were worth $5,233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHW. Vanguard Group Inc. raised its position in Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after acquiring an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Sherwin-Williams by 6.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock valued at $620,881,000 after acquiring an additional 111,128 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $8.09 during midday trading on Friday, hitting $360.59. 1,848,790 shares of the company's stock were exchanged, compared to its average volume of 1,735,146. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. 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 $89.91 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.99 and a beta of 1.18. The business's fifty day moving average price is $354.25 and its two-hundred day moving average price is $349.15.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). 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 for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the firm posted $3.70 EPS. The firm'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, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling

In related news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of the business'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 value of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHW shares. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. BMO Capital Markets decreased their target price 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. Mizuho reduced 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. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, Citigroup reduced their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

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.