The Sherwin-Williams Company $SHW Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 60.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,967 shares of the specialty chemicals company’s stock after selling 33,482 shares during the period. QRG Capital Management Inc.’s holdings in Sherwin-Williams were worth $7,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Sherwin-Williams in the second quarter valued at $1,296,565,000. Viking Global Investors LP increased its holdings in Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares during the period. Assenagon Asset Management S.A. increased its holdings in Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after purchasing an additional 719,965 shares during the period. Bessemer Group Inc. raised its position in Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after purchasing an additional 606,482 shares in the last quarter. Finally, Amundi boosted its stake in shares of Sherwin-Williams by 55.8% in the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after buying an additional 596,657 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.5%

SHW opened at $358.04 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The business’s 50 day moving average is $334.83 and its two-hundred day moving average is $343.61. The firm has a market cap of $88.76 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.26.

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

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on SHW. 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. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $392.00 to $390.00 in a research report on Thursday, December 18th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.44.

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.