Ritholtz Wealth Management Decreases Position in The Sherwin-Williams Company $SHW

Ritholtz Wealth Management trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,764 shares of the specialty chemicals company’s stock after selling 2,022 shares during the quarter. Ritholtz Wealth Management’s holdings in Sherwin-Williams were worth $3,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Norges Bank bought a new stake in Sherwin-Williams during the 2nd quarter valued at $1,296,565,000. Viking Global Investors LP increased its position in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock valued at $288,339,000 after acquiring an additional 719,965 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Sherwin-Williams by 4,029.8% during the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after purchasing an additional 606,482 shares during the period. Finally, Amundi grew its stake in shares of Sherwin-Williams by 55.8% in the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock worth $587,047,000 after purchasing an additional 596,657 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $358.04 on Friday. 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 company’s fifty day moving average price is $334.83 and its 200-day moving average price is $343.69. The stock has a market cap of $88.75 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 4.39 and a beta of 1.26. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65.

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 expect 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. Investors of record on Friday, November 14th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SHW shares. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Wednesday, January 7th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. Finally, Bank of America reduced their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.44.

Sherwin-Williams Company 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.