Voya Investment Management LLC Grows Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Voya Investment Management LLC increased its holdings in The Sherwin-Williams Company by 7.9% during the first quarter, owning approximately 0.15% of the company's stock worth $128.7 million.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing estimates by ($0.38), and set FY 2025 EPS guidance between 11.200-11.500.
• Recent analyst reports have lowered target prices for Sherwin-Williams stock, with an average target now at $387.27 and a consensus rating of "Moderate Buy."

Voya Investment Management LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,423 shares of the specialty chemicals company's stock after purchasing an additional 27,186 shares during the quarter. Voya Investment Management LLC owned about 0.15% of Sherwin-Williams worth $128,719,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHW. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the first quarter valued at $27,000. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams during the first quarter valued at $30,000. Finally, Saudi Central Bank purchased a new stake in Sherwin-Williams during the first quarter valued at $33,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 2.2%

SHW stock opened at $360.59 on Friday. The company has a market capitalization 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 12 month low of $308.84 and a 12 month high of $400.42. The firm's 50-day moving average is $354.25 and its 200 day moving average is $349.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate 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 return on equity of 66.91% and a net margin of 11.03%.The company's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the firm's 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 transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, 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.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Citigroup reduced 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 note on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced 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 note 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

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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