Spear Holdings RSC Ltd Has $138.82 Million Stake in The Sherwin-Williams Company $SHW

Spear Holdings RSC Ltd lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 14.3% in the third quarter, HoldingsChannel.com reports. The fund owned 400,900 shares of the specialty chemicals company’s stock after selling 66,850 shares during the quarter. Sherwin-Williams comprises 7.8% of Spear Holdings RSC Ltd’s portfolio, making the stock its 4th biggest position. Spear Holdings RSC Ltd’s holdings in Sherwin-Williams were worth $138,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 shares during the last quarter. Geode Capital Management LLC grew its holdings in Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after acquiring an additional 90,482 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Sherwin-Williams by 9.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after acquiring an additional 351,453 shares in the last quarter. Norges Bank bought a new position in shares of Sherwin-Williams in the second quarter worth about $1,296,565,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Sherwin-Williams by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SHW. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. UBS Group reaffirmed a “buy” rating and set a $415.00 price target (down previously from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $387.94.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $350.45 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $86.87 billion, a P/E ratio of 34.19, a PEG ratio of 4.40 and a beta of 1.26. The business has a 50-day moving average of $335.65 and a 200-day moving average of $343.71. 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 released 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 business had revenue of $6.36 billion for the quarter, compared to analyst estimates 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 firm earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

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.