UniSuper Management Pty Ltd Has $39.27 Million Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• UniSuper Management Pty Ltd increased its stake in The Sherwin-Williams Company by 12.7% in the first quarter, holding 112,471 shares valued at approximately $39.27 million.
• Analysts have reduced their price targets for Sherwin-Williams, with UBS Group lowering it from $410 to $395 while maintaining a "buy" rating; the consensus rating is a "Moderate Buy".
• In terms of insider activity, CAO James P. Lang sold 860 shares, resulting in a significant 69.52% decrease in his ownership of Sherwin-Williams stock.

UniSuper Management Pty Ltd increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,471 shares of the specialty chemicals company's stock after buying an additional 12,654 shares during the period. UniSuper Management Pty Ltd's holdings in Sherwin-Williams were worth $39,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nearwater Capital Markets Ltd acquired a new position in Sherwin-Williams during the first quarter valued at approximately $14,666,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sherwin-Williams by 14.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,188 shares of the specialty chemicals company's stock valued at $15,430,000 after purchasing an additional 5,716 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Sherwin-Williams by 1.3% during the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock valued at $927,000 after purchasing an additional 33 shares during the last quarter. Cinctive Capital Management LP acquired a new position in Sherwin-Williams during the first quarter valued at approximately $9,300,000. Finally, Banque Transatlantique SA grew its holdings in Sherwin-Williams by 86.7% during the first quarter. Banque Transatlantique SA now owns 2,003 shares of the specialty chemicals company's stock valued at $646,000 after purchasing an additional 930 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction 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 sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Citigroup lowered their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group reduced their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $13.86 during midday trading on Tuesday, reaching $361.37. 2,191,650 shares of the company traded hands, compared to its average volume of 1,831,795. The firm has a market cap of $90.10 billion, a PE ratio of 35.85, a PEG ratio of 3.12 and a beta of 1.18. The stock's 50-day simple moving average is $353.57 and its 200-day simple moving average is $348.94. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. 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 analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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