Sequoia Financial Advisors LLC Has $46.40 Million Stock Holdings in The Sherwin-Williams Company $SHW

Sequoia Financial Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 24.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,001 shares of the specialty chemicals company’s stock after buying an additional 26,642 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $46,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new stake in Sherwin-Williams during the second quarter valued at about $26,000. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% in 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 period. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $36,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. 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. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $388.44.

Sherwin-Williams Stock Up 0.5%

SHW stock opened at $358.04 on Friday. The business has a 50 day moving average of $334.83 and a 200 day moving average of $343.61. The firm has a market cap of $88.76 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.26. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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. The firm had revenue of $6.36 billion for 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%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

About Sherwin-Williams

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.