The Sherwin-Williams Company $SHW Stock Holdings Decreased by National Bank of Canada FI

National Bank of Canada FI lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 47.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 325,830 shares of the specialty chemicals company’s stock after selling 289,545 shares during the quarter. National Bank of Canada FI’s holdings in Sherwin-Williams were worth $111,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parr Mcknight Wealth Management Group LLC raised its stake in Sherwin-Williams by 4.3% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 6,130 shares of the specialty chemicals company’s stock valued at $2,105,000 after purchasing an additional 253 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Sherwin-Williams by 14.2% in the second quarter. Evergreen Capital Management LLC now owns 1,054 shares of the specialty chemicals company’s stock worth $362,000 after buying an additional 131 shares during the period. Strategic Investment Advisors MI grew its holdings in shares of Sherwin-Williams by 11.9% during the second quarter. Strategic Investment Advisors MI now owns 856 shares of the specialty chemicals company’s stock valued at $294,000 after buying an additional 91 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Sherwin-Williams by 8.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 318,569 shares of the specialty chemicals company’s stock valued at $109,394,000 after buying an additional 24,117 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Sherwin-Williams by 54.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,422 shares of the specialty chemicals company’s stock worth $4,609,000 after acquiring an additional 4,750 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $328.64 on Monday. 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 company has a market capitalization of $81.47 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 3.88 and a beta of 1.24. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The firm has a 50 day moving average of $336.28 and a two-hundred day moving average of $345.98.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 EPS. 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 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore ISI lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 8th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Citigroup reissued a “neutral” rating and set a $392.00 target price (up previously from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Finally, Mizuho set a $400.00 price target on shares of Sherwin-Williams in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

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.