Acadian Asset Management LLC Trims Holdings in The Sherwin-Williams Company $SHW

Acadian Asset Management LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 58.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,514 shares of the specialty chemicals company’s stock after selling 7,766 shares during the quarter. Acadian Asset Management LLC’s holdings in Sherwin-Williams were worth $1,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the last quarter. State of Wyoming increased its stake in Sherwin-Williams by 143.0% during the fourth quarter. State of Wyoming now owns 678 shares of the specialty chemicals company’s stock worth $230,000 after acquiring an additional 399 shares during the last quarter. Vident Advisory LLC increased its stake in Sherwin-Williams by 3.4% during the fourth quarter. Vident Advisory LLC now owns 21,430 shares of the specialty chemicals company’s stock worth $7,285,000 after acquiring an additional 711 shares during the last quarter. XN LP grew its stake in shares of Sherwin-Williams by 3.0% in the fourth quarter. XN LP now owns 381,852 shares of the specialty chemicals company’s stock valued at $129,803,000 after buying an additional 10,956 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $4,730,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Down 1.2%

Shares of NYSE SHW opened at $352.80 on Wednesday. The company has a market capitalization of $87.96 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business has a 50-day moving average of $354.61 and a two-hundred day moving average of $349.09. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced 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). 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 firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHW shares. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. UBS Group lowered their target price on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Citigroup lowered their target price on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $387.27.

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.