The Sherwin-Williams Company $SHW Shares Sold by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI significantly reduced its shares in The Sherwin-Williams Company by 86.9%, selling 43,635 shares and now holding only 6,600 shares valued at approximately $2.3 million.
• Corporate insider transactions indicate a modest decrease in ownership, with CAO James P. Lang and insider Justin T. Binns both selling shares recently, reflecting 69.52% and 3.29% declines in their respective holdings.
• Sherwin-Williams reported a miss in quarterly earnings with $3.38 EPS, below the consensus estimate of $3.76, and set its fiscal year 2025 guidance at 11.200-11.500 EPS.

Zurich Insurance Group Ltd FI lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 86.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the specialty chemicals company's stock after selling 43,635 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Sherwin-Williams were worth $2,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SHW. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the 1st quarter valued at approximately $27,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at $30,000. Finally, Saudi Central Bank purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $8.09 during trading on Friday, reaching $360.59. The company had a trading volume of 1,848,790 shares, compared to its average volume of 1,731,962. The firm's 50-day simple moving average is $354.25 and its 200 day simple moving average is $349.22. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The firm has a market capitalization of $89.91 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the business posted $3.70 EPS. Sherwin-Williams's revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

SHW has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Citigroup dropped their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective 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. Evercore ISI raised their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction on 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. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

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.