The Sherwin-Williams Company $SHW Stock Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,914 shares of the specialty chemicals company’s stock after acquiring an additional 17,422 shares during the period. Nordea Investment Management AB owned 0.05% of Sherwin-Williams worth $43,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in Sherwin-Williams in the second quarter worth approximately $26,000. Valley National Advisers Inc. raised its stake in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the second quarter valued at about $31,000. Finally, Delos Wealth Advisors LLC bought a new position in Sherwin-Williams during the second quarter valued at about $36,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 0.5%

NYSE:SHW opened at $354.19 on Thursday. The firm has a market capitalization of $87.80 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 4.39 and a beta of 1.26. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. 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 business’s fifty day moving average price is $334.03 and its 200 day moving average price is $343.50.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping 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 period last year, the company posted $3.37 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal 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 $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHW. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Bank of America cut their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $392.00 to $390.00 in a report on Thursday, December 18th. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Finally, Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average 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.