Vanguard Group Inc. Increases Stake in The Sherwin-Williams Company $SHW

Vanguard Group Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,328,552 shares of the specialty chemicals company’s stock after purchasing an additional 246,008 shares during the quarter. Vanguard Group Inc. owned approximately 8.96% of Sherwin-Williams worth $7,666,732,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SHW. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 571.1% during the first quarter. J.W. Cole Advisors Inc. now owns 8,630 shares of the specialty chemicals company’s stock worth $3,014,000 after purchasing an additional 7,344 shares during the period. Lindbrook Capital LLC grew its stake in shares of Sherwin-Williams by 22.9% in the first quarter. Lindbrook Capital LLC now owns 1,136 shares of the specialty chemicals company’s stock worth $397,000 after purchasing an additional 212 shares during the last quarter. PFG Advisors increased its holdings in Sherwin-Williams by 54.5% during the 1st quarter. PFG Advisors now owns 8,787 shares of the specialty chemicals company’s stock valued at $3,068,000 after purchasing an additional 3,101 shares during the period. Finally, Hartford Funds Management Co LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $430,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SHW. Mizuho set a $400.00 price objective on Sherwin-Williams in a research report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating and issued a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Weiss Ratings lowered shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams Stock Down 1.0%

NYSE:SHW opened at $323.68 on Wednesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48. The firm’s 50-day moving average price is $341.40 and its 200-day moving average price is $348.66. The company has a market capitalization of $80.24 billion, a PE ratio of 31.58, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Sherwin-Williams Company Profile

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.