New York State Common Retirement Fund Sells 1,100 Shares of The Sherwin-Williams Company $SHW

New York State Common Retirement Fund reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 346,136 shares of the specialty chemicals company’s stock after selling 1,100 shares during the quarter. New York State Common Retirement Fund’s holdings in Sherwin-Williams were worth $118,849,000 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. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $26,000. Valley National Advisers Inc. boosted its position in Sherwin-Williams by 68.0% during the second 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 during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new position in Sherwin-Williams in the second quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 0.1%

SHW stock opened at $343.69 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $398.77. The stock has a market cap of $85.20 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The company has a fifty day moving average price of $338.63 and a two-hundred day moving average price of $347.78. 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 posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts anticipate 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. Shareholders of record on Friday, November 14th will be given a dividend of $0.79 per share. The ex-dividend date 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 30.83%.

Analysts Set New Price Targets

Several research firms have recently commented on SHW. Bank of America cut their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Wednesday. Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Finally, Evercore ISI upped their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $390.87.

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.