Pensionfund Sabic Sells 800 Shares of The Sherwin-Williams Company $SHW

Pensionfund Sabic lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,700 shares of the specialty chemicals company’s stock after selling 800 shares during the quarter. Pensionfund Sabic’s holdings in Sherwin-Williams were worth $1,641,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHW. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $27,000. Synergy Investment Management LLC boosted its position in shares of Sherwin-Williams by 583.3% in the first 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 bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

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 price-to-earnings-growth ratio of 3.06 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company’s 50 day moving average price is $354.25 and its two-hundred day moving average price is $349.22. 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) 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 business had revenue of $6.31 billion for 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 revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, 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 transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred on 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 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. 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. Wells Fargo & Company lowered 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. 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. JPMorgan Chase & Co. lowered 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. Finally, BMO Capital Markets lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target 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.