Genus Capital Management Inc. Has $2.87 Million Position in The Sherwin-Williams Company $SHW

Genus Capital Management Inc. raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 28.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,365 shares of the specialty chemicals company’s stock after acquiring an additional 1,835 shares during the quarter. Genus Capital Management Inc.’s holdings in Sherwin-Williams were worth $2,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its position in 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 acquiring an additional 34 shares during the period. Synergy Investment Management LLC increased its position in 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 acquiring an additional 70 shares during the period. Salomon & Ludwin LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at approximately $31,000. Saudi Central Bank acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. Bank of America decreased their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. UBS Group restated a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. BMO Capital Markets lowered their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $343.51 on Wednesday. The company has a fifty day moving average of $347.40 and a 200-day moving average of $348.90. The firm has a market capitalization of $85.15 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.26 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released 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 company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 30.83%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

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.