The Sherwin-Williams Company $SHW Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 16.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,274 shares of the specialty chemicals company’s stock after selling 863 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Sherwin-Williams were worth $1,468,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SHW. Price T Rowe Associates Inc. MD lifted its position in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after buying an additional 1,505,341 shares during the last quarter. Nuveen LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $265,510,000. Assenagon Asset Management S.A. lifted its position in shares of Sherwin-Williams by 601.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after buying an additional 719,965 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after buying an additional 606,482 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Sherwin-Williams by 223.1% in the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock worth $214,883,000 after buying an additional 424,930 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Mizuho set a $400.00 price target on shares of Sherwin-Williams in a research report on Wednesday. Citigroup restated a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research report on Thursday. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Trading Down 0.9%

Shares of NYSE:SHW opened at $344.86 on Monday. The company has a market cap of $85.49 billion, a PE ratio of 33.64, a P/E/G ratio of 3.26 and a beta of 1.20. The company’s 50-day moving average price is $348.29 and its 200 day moving average price is $348.74. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.15. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Insider Activity

In other Sherwin-Williams 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 transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the firm’s 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 transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

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.