SS&H Financial Advisors Inc. Sells 2,391 Shares of The Sherwin-Williams Company $SHW

SS&H Financial Advisors Inc. cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,030 shares of the specialty chemicals company’s stock after selling 2,391 shares during the quarter. Sherwin-Williams accounts for approximately 1.6% of SS&H Financial Advisors Inc.’s holdings, making the stock its 13th largest position. SS&H Financial Advisors Inc.’s holdings in Sherwin-Williams were worth $5,204,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SHW shares. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $392.00 to $390.00 in a research note on Thursday, December 18th. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, UBS Group reiterated a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $390.07.

Sherwin-Williams Trading Up 0.0%

Sherwin-Williams stock opened at $325.42 on Monday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The firm has a market capitalization of $80.67 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 3.84 and a beta of 1.24. The firm has a 50 day moving average of $334.59 and a 200 day moving average of $343.68. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

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.