The Sherwin-Williams Company $SHW Shares Bought by Ascent Group LLC

Key Points

• Ascent Group LLC has increased its stake in Sherwin-Williams by 101.4%, now owning 3,384 shares valued at approximately $1.18 million.
• Sherwin-Williams reported earnings of $3.38 per share, falling short of analysts' expectations, while the company's revenue was slightly above forecasts at $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, representing an annualized yield of 0.9% with a payout ratio of 31.35%.

Ascent Group LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 101.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,384 shares of the specialty chemicals company's stock after purchasing an additional 1,704 shares during the quarter. Ascent Group LLC's holdings in Sherwin-Williams were worth $1,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the fourth quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the 1st quarter worth $27,000. Synergy Investment Management LLC boosted its stake 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 worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new position in shares of Sherwin-Williams during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 2.2%

NYSE:SHW traded down $8.09 during mid-day trading on Friday, hitting $360.59. 1,848,790 shares of the stock traded hands, compared to its average volume of 1,731,962. The stock has a market capitalization of $89.91 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.06 and a beta of 1.18. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm's 50 day moving average is $354.25 and its two-hundred day moving average is $349.22. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (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 analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

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 shares were 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 of the company's stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly 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. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. UBS Group lowered their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Citigroup lowered their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One 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's stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus 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.