Rakuten Investment Management Inc. Buys New Holdings in The Sherwin-Williams Company $SHW

Rakuten Investment Management Inc. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,017 shares of the specialty chemicals company’s stock, valued at approximately $9,807,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Richard W. Paul & Associates LLC lifted its holdings in shares of Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the period. Valley Brook Capital Group Inc. raised its position in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after purchasing an additional 31 shares in the last quarter. 17 Capital Partners LLC lifted its stake in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after purchasing an additional 31 shares during the period. Alpine Bank Wealth Management lifted its stake in Sherwin-Williams by 4.1% during the third quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares during the period. Finally, Jessup Wealth Management Inc boosted its holdings in Sherwin-Williams by 1.4% during the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent research reports. Mizuho dropped their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday. 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. Finally, UBS Group restated a “buy” rating and issued a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $388.44.

Sherwin-Williams Trading Up 2.7%

SHW stock opened at $356.35 on Thursday. The business has a fifty day moving average price of $335.42 and a 200 day moving average price of $343.67. 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 Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The stock has a market capitalization of $88.34 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 4.28 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.21 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams 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.