Woodline Partners LP Buys 5,661 Shares of The Sherwin-Williams Company $SHW

Key Points

• Woodline Partners LP increased its stake in The Sherwin-Williams Company by 40.7%, now holding 19,576 shares worth approximately $6.8 million after acquiring an additional 5,661 shares.
• Sherwin-Williams reported a Q2 EPS of $3.38, missing analysts' expectations of $3.76, while quarterly revenue remained stable year-over-year at $6.31 billion.
• The company declared a quarterly dividend of $0.79, leading to an annualized dividend of $3.16, reflecting a yield of 0.9% and a payout ratio of 31.35%.

Woodline Partners LP boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 40.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,576 shares of the specialty chemicals company's stock after acquiring an additional 5,661 shares during the quarter. Woodline Partners LP's holdings in Sherwin-Williams were worth $6,836,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sherwin-Williams by 57.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,472 shares of the specialty chemicals company's stock worth $13,078,000 after buying an additional 14,011 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in Sherwin-Williams by 2.6% during the 4th quarter. Pathstone Holdings LLC now owns 32,476 shares of the specialty chemicals company's stock worth $11,040,000 after buying an additional 815 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Sherwin-Williams during the 4th quarter worth $1,707,000. Finally, Rafferty Asset Management LLC lifted its holdings in Sherwin-Williams by 26.7% during the 4th quarter. Rafferty Asset Management LLC now owns 46,789 shares of the specialty chemicals company's stock worth $15,905,000 after buying an additional 9,861 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

SHW opened at $360.59 on Friday. 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 Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a fifty day simple moving average of $354.25 and a 200 day simple moving average of $349.22. The stock has a market cap of $89.91 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.06 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 EPS. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts expect 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. Shareholders of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is presently 31.35%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. 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. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

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.

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