Louisiana State Employees Retirement System trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,200 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Sherwin-Williams were worth $4,189,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SHW. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC raised its position in shares of Sherwin-Williams by 583.3% in the 1st 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 acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Sherwin-Williams
In other news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was 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 of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of the 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 completion of the transaction, the insider directly 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Price Performance
Shares of SHW opened at $337.48 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a market cap of $84.14 billion, a P/E ratio of 33.48, a PEG ratio of 2.80 and a beta of 1.20. The stock has a fifty day moving average price of $355.21 and a 200 day moving average price of $348.53. 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 released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the company posted $3.70 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.
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.
See Also
- Five stocks we like better than Sherwin-Williams
- Industrial Products Stocks Investing
- Lowe’s vs. Home Depot: Which Benefits More From Lower Rates?
- Financial Services Stocks Investing
- These 5 Beaten-Down Tech Stocks Could Catch Fire Next
- Stock Sentiment Analysis: How it Works
- Falcon Flex Drives Growth as CrowdStrike Bets on AI Security
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.