AlphaQuest LLC Boosts Holdings in The Sherwin-Williams Company $SHW

Key Points

• AlphaQuest LLC significantly increased its holdings in Sherwin-Williams by 13,055.6% in Q1, owning 2,368 shares worth $827,000 after purchasing an additional 2,350 shares.
• Several other large investors, including GAMMA Investing LLC and Price T Rowe Associates, also raised their positions in Sherwin-Williams during the same period, with GAMMA's increase reaching 41,717.1%.
• Sherwin-Williams reported a miss on EPS estimate in its last earnings report, with actual EPS of $3.38 compared to the consensus estimate of $3.76, despite revenues meeting expectations.

AlphaQuest LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13,055.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,368 shares of the specialty chemicals company's stock after acquiring an additional 2,350 shares during the quarter. AlphaQuest LLC's holdings in Sherwin-Williams were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SHW. Allstate Corp lifted its position in shares of Sherwin-Williams by 8.7% during the first quarter. Allstate Corp now owns 7,781 shares of the specialty chemicals company's stock worth $2,717,000 after purchasing an additional 625 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Sherwin-Williams by 3.0% during the 1st quarter. Kestra Advisory Services LLC now owns 19,690 shares of the specialty chemicals company's stock worth $6,876,000 after buying an additional 569 shares during the period. Compound Planning Inc. increased its stake in Sherwin-Williams by 10.0% during the 1st quarter. Compound Planning Inc. now owns 5,795 shares of the specialty chemicals company's stock worth $2,024,000 after buying an additional 528 shares during the period. Ameriprise Financial Inc. lifted its holdings in Sherwin-Williams by 2.7% during the 1st quarter. Ameriprise Financial Inc. now owns 598,971 shares of the specialty chemicals company's stock worth $209,174,000 after buying an additional 15,610 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Sherwin-Williams by 7.4% in the first quarter. Norinchukin Bank The now owns 120,203 shares of the specialty chemicals company's stock worth $41,974,000 after acquiring an additional 8,324 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the company'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 transaction 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. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.01 during mid-day trading on Thursday, reaching $366.39. 1,136,946 shares of the stock were exchanged, compared to its average volume of 1,790,114. The company has a 50 day simple moving average of $349.32 and a 200-day simple moving average of $348.28. The stock has a market capitalization of $91.35 billion, a P/E ratio of 36.35, a P/E/G ratio of 3.04 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter last year, the business posted $3.70 earnings per share. The business's revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent research reports. Loop Capital decreased their target price on 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 cut their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Citigroup cut their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Mizuho cut their price target 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, ten have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.