The Sherwin-Williams Company $SHW Shares Purchased by Spear Holdings RSC Ltd

Key Points

• Spear Holdings RSC Ltd increased its stake in Sherwin-Williams by 87.5%, owning a total of 467,750 shares worth approximately $160.6 million.
• Sherwin-Williams reported $3.38 EPS in its latest earnings, falling short of analyst estimates of $3.76 EPS, while its revenue reached $6.31 billion.
• The company recently announced a quarterly dividend of $0.79 per share, yielding 0.9%, and its dividend payout ratio stands at 31.35%.

Spear Holdings RSC Ltd lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 87.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,750 shares of the specialty chemicals company's stock after purchasing an additional 218,250 shares during the period. Sherwin-Williams makes up 11.8% of Spear Holdings RSC Ltd's investment portfolio, making the stock its 2nd largest holding. Spear Holdings RSC Ltd owned 0.19% of Sherwin-Williams worth $160,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Brighton Jones LLC raised its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Sherwin-Williams during the first quarter worth about $209,000. Wedmont Private Capital raised its position in Sherwin-Williams by 13.9% during the first quarter. Wedmont Private Capital now owns 3,238 shares of the specialty chemicals company's stock worth $1,090,000 after acquiring an additional 395 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Sherwin-Williams by 10.0% during the first quarter. Miracle Mile Advisors LLC now owns 7,286 shares of the specialty chemicals company's stock worth $2,544,000 after acquiring an additional 661 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in Sherwin-Williams by 60.1% during the first quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company's stock worth $412,000 after acquiring an additional 443 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 2.8%

Sherwin-Williams stock opened at $336.93 on Tuesday. The company has a 50-day simple moving average of $355.12 and a 200-day simple moving average of $348.70. The firm has a market capitalization of $84.01 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.88 and a beta of 1.20. 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 one year low of $308.84 and a one 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 net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 EPS. The business's quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SHW. BMO Capital Markets lowered their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company lowered 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. UBS Group reiterated a "buy" rating and set a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a report on Monday. Loop Capital lowered 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.93.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated 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. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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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