UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 85,970 Shares of The Sherwin-Williams Company $SHW

Key Points

• UBS Asset Management reduced its stake in Sherwin-Williams by 4.7%, now holding approximately 1.74 million shares worth around $607.8 million.
• Sherwin-Williams reported a quarterly EPS of $3.38, missing analysts' expectations and representing a year-over-year revenue growth of just 0.6%.
• The company recently declared a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,740,528 shares of the specialty chemicals company's stock after selling 85,970 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.69% of Sherwin-Williams worth $607,775,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 last quarter. Nuveen LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at approximately $265,510,000. National Bank of Canada FI increased its stake in shares of Sherwin-Williams by 223.1% during the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after acquiring an additional 424,930 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Sherwin-Williams by 367.9% in the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock valued at $187,590,000 after buying an additional 422,410 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction 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. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Loop Capital dropped their price objective 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 dropped their price target 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 raised their price objective 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, Citigroup reduced their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $8.09 on Friday, reaching $360.59. 1,848,790 shares of the stock were exchanged, compared to its average volume of 1,731,962. The firm's 50 day moving average is $354.25 and its 200-day moving average is $349.22. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. 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 firm has a market cap of $89.91 billion, a PE ratio of 35.77, a P/E/G ratio of 3.06 and a beta of 1.18.

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 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter 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, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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