Vestmark Advisory Solutions Inc. Sells 6,058 Shares of The Sherwin-Williams Company $SHW

Key Points

• Vestmark Advisory Solutions Inc. significantly reduced its stake in The Sherwin-Williams Company by 67.2%, selling 6,058 shares and retaining 2,958 shares valued at approximately $1,033,000.
• Various institutional investors have made adjustments to their positions in Sherwin-Williams, with approximately 77.67% of the stock now owned by hedge funds and other institutional investors.
• Sherwin-Williams reported earnings of $3.38 EPS for the last quarter, missing estimates by $0.38, with a net margin of 11.03% and revenue matching analyst expectations at $6.31 billion.

Vestmark Advisory Solutions Inc. decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 67.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,958 shares of the specialty chemicals company's stock after selling 6,058 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Sherwin-Williams were worth $1,033,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Voleon Capital Management LP acquired a new position in Sherwin-Williams in the fourth quarter valued at about $2,011,000. Moors & Cabot Inc. lifted its holdings in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after buying an additional 39 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC bought a new stake in Sherwin-Williams in the first quarter valued at approximately $306,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.3%

NYSE:SHW traded down $0.9850 during mid-day trading on Wednesday, hitting $366.9450. 1,798,077 shares of the company's stock were exchanged, compared to its average volume of 1,801,570. The company has a 50 day simple moving average of $346.16 and a 200-day simple moving average of $347.93. 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 Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market capitalization of $91.49 billion, a P/E ratio of 36.40, a PEG ratio of 3.39 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly 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). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current 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 given a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHW. Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group decreased their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Citigroup cut their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho cut their target price 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.

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.