Slow Capital Inc. Has $4.19 Million Stock Holdings in The Sherwin-Williams Company $SHW

Slow Capital Inc. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,207 shares of the specialty chemicals company’s stock after acquiring an additional 55 shares during the period. Slow Capital Inc.’s holdings in Sherwin-Williams were worth $4,191,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 1.1% in the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after purchasing an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after buying an additional 1,505,341 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after acquiring an additional 93,209 shares in the last quarter. PineStone Asset Management Inc. increased its stake in Sherwin-Williams by 12.0% in the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock valued at $577,222,000 after acquiring an additional 180,616 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Sherwin-Williams by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock worth $536,495,000 after purchasing an additional 64,325 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.8%

NYSE:SHW opened at $336.93 on Tuesday. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 2.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock’s fifty day moving average price is $355.12 and its two-hundred day moving average price is $348.70. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho decreased their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. UBS Group reiterated a “buy” rating and set a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research note on Monday. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $387.93.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

About Sherwin-Williams

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.