Tran Capital Management L.P. Decreases Stock Position in The Sherwin-Williams Company $SHW

Tran Capital Management L.P. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 82.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,550 shares of the specialty chemicals company’s stock after selling 26,246 shares during the quarter. Tran Capital Management L.P.’s holdings in Sherwin-Williams were worth $1,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MTM Investment Management LLC bought a new stake in Sherwin-Williams in the 2nd quarter worth about $26,000. Valley National Advisers Inc. boosted its holdings in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Sherwin-Williams in the second quarter worth approximately $31,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their price target for the company from $392.00 to $390.00 in a research report on Thursday, December 18th. Finally, Bank of America dropped their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $388.88.

Sherwin-Williams Stock Down 2.5%

SHW stock opened at $331.49 on Thursday. The business’s 50-day moving average price is $333.14 and its 200-day moving average price is $343.22. The stock has a market cap of $82.17 billion, a P/E ratio of 32.34, a PEG ratio of 3.62 and a beta of 1.26. 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 twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 net margin of 11.05% and a return on equity of 66.75%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter last year, the business earned $3.37 EPS. The firm’s 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, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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