The Sherwin-Williams Company $SHW Stock Holdings Boosted by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in The Sherwin-Williams Company by 21.0%, owning over 8.6 million shares valued at approximately $3 billion after purchasing additional shares in the first quarter.
• Analysts have adjusted their price targets for Sherwin-Williams, with JPMorgan reducing its target from $390 to $378, while Royal Bank of Canada raised its target from $410 to $420.
• The company recently declared a quarterly dividend of $0.79 per share, with a 0.9% dividend yield, signaling continued shareholder returns despite a slight decline in stock price.

Price T Rowe Associates Inc. MD lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,657,536 shares of the specialty chemicals company's stock after buying an additional 1,505,341 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.45% of Sherwin-Williams worth $3,023,126,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Perkins Coie Trust Co acquired a new position in Sherwin-Williams during the first quarter worth about $27,000. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Synergy Investment Management LLC boosted its position in shares of Sherwin-Williams by 583.3% during the 1st 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 in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SHW. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets decreased their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Citigroup decreased their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Mizuho reduced 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $388.60.

Sherwin-Williams Stock Down 0.3%

Sherwin-Williams stock opened at $366.9450 on Thursday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month 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 $91.49 billion, a PE ratio of 36.40, a P/E/G ratio of 3.06 and a beta of 1.16. The firm's 50 day moving average price is $346.35 and its two-hundred day moving average price is $348.06.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the business earned $3.70 EPS. The company'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. On average, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams 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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