JARISLOWSKY FRASER Ltd Cuts Stock Position in The Sherwin-Williams Company $SHW

JARISLOWSKY FRASER Ltd decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 346,536 shares of the specialty chemicals company’s stock after selling 9,809 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Sherwin-Williams were worth $119,992,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at about $26,000. Valley National Advisers Inc. lifted its holdings in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake 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 worth $30,000 after purchasing an additional 44 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $31,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 1.2%

NYSE SHW opened at $327.96 on Friday. The firm has a market capitalization of $81.30 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.45 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The company’s 50 day moving average price is $333.78 and its 200 day moving average price is $343.07.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the business earned $3.37 earnings per share. 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 predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. Bank of America lowered their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.07.

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.