Sequoia Financial Advisors LLC Buys 26,642 Shares of The Sherwin-Williams Company $SHW

Sequoia Financial Advisors LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 24.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 134,001 shares of the specialty chemicals company’s stock after buying an additional 26,642 shares during the period. Sequoia Financial Advisors LLC owned about 0.05% of Sherwin-Williams worth $46,399,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Richard W. Paul & Associates LLC grew its holdings in Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the period. Valley Brook Capital Group Inc. lifted its stake in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after buying an additional 31 shares during the period. 17 Capital Partners LLC boosted its holdings in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after buying an additional 31 shares during the last quarter. Alpine Bank Wealth Management grew its position in shares of Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 31 shares during the period. Finally, Jessup Wealth Management Inc increased its stake in shares of Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $358.04 on Friday. The firm’s 50 day simple moving average is $334.83 and its 200 day simple moving average is $343.61. The firm has a market capitalization of $88.76 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 4.42 and a beta of 1.26. 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 Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s payout ratio is 30.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $392.00 to $390.00 in a report on Thursday, December 18th. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $388.44.

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.