The Sherwin-Williams Company $SHW Stake Trimmed by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d'investissement inc. reduced its stake in Sherwin-Williams by 6.3%, bringing its total shares to 14,538 worth approximately $4.99 million.
• Sherwin-Williams reported $3.38 earnings per share for the second quarter, missing estimates by $0.38, despite a revenue of $6.31 billion, matching expectations.
• The company recently declared a quarterly dividend of $0.79, with an annual yield of 0.9% and a payout ratio of 31.35%.

Financiere des Professionnels Fonds d investissement inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,538 shares of the specialty chemicals company's stock after selling 970 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Sherwin-Williams were worth $4,992,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Alesco Advisors LLC lifted its stake in Sherwin-Williams by 4.8% during the second quarter. Alesco Advisors LLC now owns 1,258 shares of the specialty chemicals company's stock worth $432,000 after purchasing an additional 58 shares during the last quarter. Beacon Financial Group lifted its stake in Sherwin-Williams by 5.1% in the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock valued at $235,000 after buying an additional 33 shares during the last quarter. Czech National Bank lifted its stake in Sherwin-Williams by 5.9% in the second quarter. Czech National Bank now owns 56,355 shares of the specialty chemicals company's stock valued at $19,350,000 after buying an additional 3,136 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Sherwin-Williams by 6.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,538 shares of the specialty chemicals company's stock valued at $528,000 after buying an additional 99 shares during the last quarter. Finally, Apella Capital LLC bought a new stake in Sherwin-Williams in the second quarter valued at $511,000. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. UBS Group cut their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Mizuho cut their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Transactions at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

NYSE:SHW traded down $0.52 during mid-day trading on Thursday, reaching $349.69. 1,607,840 shares of the stock were exchanged, compared to its average volume of 1,758,320. The business has a fifty day moving average price of $354.54 and a 200 day moving average price of $349.06. The firm has a market capitalization of $87.19 billion, a PE ratio of 34.69, a PEG ratio of 2.91 and a beta of 1.18. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.