Vontobel Holding Ltd. Sells 42,009 Shares of The Sherwin-Williams Company $SHW

Vontobel Holding Ltd. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 32.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,198 shares of the specialty chemicals company’s stock after selling 42,009 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sherwin-Williams were worth $29,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. raised its holdings in Sherwin-Williams by 95.8% in the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Sherwin-Williams in the 1st quarter worth $515,000. Moody Lynn & Lieberson LLC raised its position in Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after buying an additional 11,828 shares during the last quarter. Lindenwold Advisors INC bought a new position in Sherwin-Williams during the second quarter valued at approximately $1,303,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after buying an additional 246,008 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SHW shares. Mizuho cut their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Bank of America dropped their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. UBS Group restated a “buy” rating and issued a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $390.07.

Sherwin-Williams Price Performance

SHW opened at $325.16 on Thursday. The firm has a market capitalization of $80.60 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The business’s 50-day moving average is $334.83 and its two-hundred day moving average is $344.25. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping 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 firm 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 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.