The Sherwin-Williams Company $SHW Shares Sold by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd reduced its stake in The Sherwin-Williams Company by 13.9% during the first quarter, resulting in holdings valued at approximately $3.9 million.
• The company's recent quarterly earnings report revealed earnings per share of $3.38, missing expectations, but revenue matched forecasts at $6.31 billion.
• Sherwin-Williams declared a quarterly dividend of $0.79 per share, translating to an annualized dividend yield of 0.9%, with a payout ratio of 31.35%.

Plato Investment Management Ltd lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,038 shares of the specialty chemicals company's stock after selling 1,785 shares during the quarter. Plato Investment Management Ltd's holdings in Sherwin-Williams were worth $3,896,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SHW. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Perkins Coie Trust Co acquired a new position in Sherwin-Williams in the first quarter valued at approximately $27,000. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank acquired a new stake in Sherwin-Williams during the first quarter worth approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $361.37 on Wednesday. The stock's 50-day moving average price is $353.57 and its 200 day moving average price is $348.94. 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 stock has a market capitalization of $90.10 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 3.12 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data 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). The company 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%.The firm's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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 $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction on 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 transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams 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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHW shares. Loop Capital lowered their target price 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. Mizuho decreased their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Citigroup reduced 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, Wells Fargo & Company dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

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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