JLB & Associates Inc. Buys 2,857 Shares of The Sherwin-Williams Company $SHW

JLB & Associates Inc. boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,180 shares of the specialty chemicals company’s stock after purchasing an additional 2,857 shares during the quarter. Sherwin-Williams comprises approximately 1.9% of JLB & Associates Inc.’s portfolio, making the stock its 20th biggest holding. JLB & Associates Inc.’s holdings in Sherwin-Williams were worth $14,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $1,296,565,000. Viking Global Investors LP raised its position in Sherwin-Williams by 101.4% during 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 purchasing an additional 985,520 shares in the last quarter. Bessemer Group Inc. raised its position in 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 valued at $213,410,000 after purchasing an additional 606,482 shares in the last quarter. Amundi lifted its stake in Sherwin-Williams by 55.8% during 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. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sherwin-Williams by 22.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $350.45 on Friday. The company has a market capitalization of $86.87 billion, a P/E ratio of 34.19, a PEG ratio of 4.40 and a beta of 1.26. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. 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 stock has a 50 day moving average price of $335.65 and a two-hundred day moving average price of $343.71.

Sherwin-Williams (NYSE:SHW) last issued its earnings results 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. 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 for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm earned $3.37 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SHW. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group reiterated a “buy” rating and set a $415.00 price target (down from $422.00) on shares of Sherwin-Williams in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday. Finally, Mizuho reduced their target price 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. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $387.94.

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.