The Sherwin-Williams Company $SHW Shares Sold by Atika Capital Management LLC

Key Points

• Atika Capital Management LLC reduced its holdings in Sherwin-Williams by 28.5% in Q1, now owning 14,581 shares worth approximately $5.09 million.
• Analysts have adjusted their price targets for Sherwin-Williams, with Mizuho setting a new target of $385.00 while others like Wells Fargo and BMO Capital Markets also lowered their outlooks.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, to be paid on September 5th, reflecting an annualized yield of 0.9% and a payout ratio of 31.35%.

Atika Capital Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,581 shares of the specialty chemicals company's stock after selling 5,819 shares during the quarter. Atika Capital Management LLC's holdings in Sherwin-Williams were worth $5,092,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHW. Vanguard Group Inc. increased its holdings in shares of 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 valued at $7,711,004,000 after purchasing an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD raised its position in Sherwin-Williams by 21.0% during 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 buying an additional 1,505,341 shares during the period. Northern Trust Corp increased its position in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after purchasing an additional 595,586 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Sherwin-Williams by 6.5% in the 4th 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 worth $620,881,000 after purchasing an additional 111,128 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHW. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Citigroup dropped their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $388.60.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company's stock in a transaction 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 sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

NYSE:SHW opened at $366.9450 on Thursday. 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 stock's 50-day simple moving average is $346.35 and its 200 day simple moving average is $348.06. The company has a market cap of $91.49 billion, a P/E ratio of 36.40, a P/E/G ratio of 3.06 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the firm earned $3.70 EPS. Sherwin-Williams's quarterly revenue 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, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

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.

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