Van Lanschot Kempen Investment Management N.V. Sells 17,511 Shares of The Sherwin-Williams Company $SHW

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in The Sherwin-Williams Company by 41.9%, leaving them with approximately $8.49 million in shares after selling 17,511 shares in the first quarter.
• The Sherwin-Williams Company announced a quarterly dividend of $0.79 per share, representing a 0.9% yield, with a payout ratio of 31.35%.
• Several analysts have adjusted their price targets for Sherwin-Williams, with estimates generally lowering targets, including Citigroup's reduction from $385 to $375 and JPMorgan's from $390 to $378.

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 41.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,324 shares of the specialty chemicals company's stock after selling 17,511 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Sherwin-Williams were worth $8,494,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the 1st quarter valued at $27,000. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth $27,000. Synergy Investment Management LLC boosted its stake in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the 1st quarter worth $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHW. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $388.60.

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was 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 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW traded up $9.1350 on Friday, reaching $372.9950. 2,298,477 shares of the company's stock traded hands, compared to its average volume of 2,073,316. 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 50-day simple moving average of $347.25 and a 200-day simple moving average of $348.21. The firm has a market cap of $93.00 billion, a PE ratio of 37.00, a P/E/G ratio of 3.02 and a beta of 1.16. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

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 for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.8%. Sherwin-Williams's dividend payout ratio (DPR) 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.