Voleon Capital Management LP Raises Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Voleon Capital Management LP increased its position in The Sherwin-Williams Company by 390.9% in Q1, now owning 29,035 shares valued at approximately $10.14 million.
• Several institutional investors have significantly boosted their holdings in Sherwin-Williams, with hedge funds owning 77.67% of the company's stock.
• Analysts have mixed views on Sherwin-Williams, with a consensus rating of "Moderate Buy" and an average target price set at $387.27.

Voleon Capital Management LP boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 390.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,035 shares of the specialty chemicals company's stock after purchasing an additional 23,120 shares during the quarter. Sherwin-Williams comprises 0.8% of Voleon Capital Management LP's investment portfolio, making the stock its 24th largest holding. Voleon Capital Management LP's holdings in Sherwin-Williams were worth $10,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Brighton Jones LLC raised its position in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the last quarter. Fiduciary Trust Co raised its position in Sherwin-Williams by 1.1% in the 4th quarter. Fiduciary Trust Co now owns 6,045 shares of the specialty chemicals company's stock valued at $2,055,000 after purchasing an additional 67 shares during the last quarter. Focus Partners Wealth raised its position in Sherwin-Williams by 42.8% in the 4th quarter. Focus Partners Wealth now owns 31,020 shares of the specialty chemicals company's stock valued at $11,006,000 after purchasing an additional 9,291 shares during the last quarter. Graham Capital Management L.P. raised its position in Sherwin-Williams by 288.9% in the 4th quarter. Graham Capital Management L.P. now owns 10,500 shares of the specialty chemicals company's stock valued at $3,569,000 after purchasing an additional 7,800 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sherwin-Williams by 57.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,472 shares of the specialty chemicals company's stock valued at $13,078,000 after purchasing an additional 14,011 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHW shares. UBS Group reduced their price target 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. Citigroup reduced 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 report on Wednesday, July 23rd. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Finally, Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Insider Transactions at Sherwin-Williams

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

Sherwin-Williams Stock Performance

Shares of SHW opened at $372.39 on Monday. The company has a 50-day simple moving average of $352.81 and a 200-day simple moving average of $348.64. 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 company has a market capitalization of $92.85 billion, a PE ratio of 36.94, a P/E/G ratio of 3.09 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 company had revenue of $6.31 billion during 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 business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) 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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