The Sherwin-Williams Company $SHW Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,111,157 shares of the specialty chemicals company’s stock after buying an additional 90,482 shares during the quarter. Geode Capital Management LLC’s holdings in Sherwin-Williams were worth $1,746,222,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in Sherwin-Williams by 1.1% during the second quarter. PNC Financial Services Group Inc. now owns 269,518 shares of the specialty chemicals company’s stock worth $92,542,000 after purchasing an additional 2,922 shares during the last quarter. Wealth Alliance LLC grew its stake in shares of Sherwin-Williams by 2.4% during the 2nd quarter. Wealth Alliance LLC now owns 1,826 shares of the specialty chemicals company’s stock valued at $627,000 after buying an additional 43 shares during the period. Forsta AP Fonden increased its holdings in shares of Sherwin-Williams by 7.5% during the 2nd quarter. Forsta AP Fonden now owns 81,600 shares of the specialty chemicals company’s stock worth $28,018,000 after buying an additional 5,700 shares during the last quarter. KBC Group NV raised its position in shares of Sherwin-Williams by 1.5% in the 2nd quarter. KBC Group NV now owns 194,869 shares of the specialty chemicals company’s stock worth $66,910,000 after buying an additional 2,820 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in Sherwin-Williams by 20.4% in the second quarter. Jupiter Asset Management Ltd. now owns 182,459 shares of the specialty chemicals company’s stock valued at $62,649,000 after acquiring an additional 30,954 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.1%

Shares of NYSE SHW opened at $344.70 on Thursday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock’s 50-day simple moving average is $344.46 and its 200-day simple moving average is $349.19. The firm has a market cap of $85.45 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 3.26 and a beta of 1.21.

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, beating 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 firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter last year, the firm earned $3.37 EPS. Sherwin-Williams’s quarterly 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. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SHW. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. Bank of America cut their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $390.87.

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.