Vanguard Group Inc. Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Vanguard Group Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,328,552 shares of the specialty chemicals company’s stock after acquiring an additional 246,008 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Sherwin-Williams worth $7,666,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in shares of Sherwin-Williams in the second quarter worth $26,000. Valley National Advisers Inc. raised 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 worth $28,000 after buying an additional 34 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in Sherwin-Williams in the 2nd quarter worth about $31,000. Saudi Central Bank bought a new position in Sherwin-Williams during the 1st quarter valued at about $33,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $33,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHW. Bank of America lowered their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. UBS Group reiterated a “buy” rating and set a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Finally, BMO Capital Markets dropped their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.0%

NYSE:SHW opened at $323.68 on Wednesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The business has a fifty day moving average price of $341.40 and a 200-day moving average price of $348.66. The firm has a market capitalization of $80.24 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the business earned $3.37 earnings per share. Sherwin-Williams’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is 30.83%.

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.