Thurston Springer Miller Herd & Titak Inc. Boosts Position in The Sherwin-Williams Company $SHW

Key Points

• Thurston Springer Miller Herd & Titak Inc. raised its stake in The Sherwin-Williams Company by 18.4% during Q2, increasing holdings to 9,739 shares valued at approximately $3.34 million.
• Sherwin-Williams recently missed earnings expectations, reporting $3.38 EPS against an estimate of $3.76, while revenue matched analysts’ expectations at $6.31 billion.
• Dividend payments were announced at $0.79 per share, reflecting an annual yield of 0.9%, with a payout ratio of 31.35%.

Thurston Springer Miller Herd & Titak Inc. increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,739 shares of the specialty chemicals company's stock after buying an additional 1,512 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Sherwin-Williams were worth $3,344,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SHW. GAMMA Investing LLC increased its stake 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 buying an additional 1,632,391 shares during the period. Price T Rowe Associates Inc. MD increased its position in Sherwin-Williams by 21.0% during the 1st 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 purchasing an additional 1,505,341 shares during the period. Nuveen LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $265,510,000. National Bank of Canada FI increased its position in Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after purchasing an additional 424,930 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Sherwin-Williams by 367.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock valued at $187,590,000 after purchasing an additional 422,410 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 2.2%

NYSE:SHW opened at $360.59 on Friday. The company 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. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month 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. The company's 50 day moving average is $354.25 and its two-hundred day moving average is $349.15.

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 for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts' expectations 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 for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred 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 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. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. Citigroup cut their target price 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. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Finally, Evercore ISI boosted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. 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 company's stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

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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