Spear Holdings RSC Ltd Sells 66,850 Shares of The Sherwin-Williams Company $SHW

Spear Holdings RSC Ltd decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,900 shares of the specialty chemicals company’s stock after selling 66,850 shares during the period. Sherwin-Williams comprises 7.8% of Spear Holdings RSC Ltd’s portfolio, making the stock its 4th largest holding. Spear Holdings RSC Ltd owned about 0.16% of Sherwin-Williams worth $138,816,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $1,296,565,000. Viking Global Investors LP raised its holdings in shares of 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 worth $672,213,000 after acquiring an additional 985,520 shares in the last quarter. Bessemer Group Inc. grew its stake in Sherwin-Williams by 4,029.8% in 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 raised its stake in shares of Sherwin-Williams by 55.8% during the 2nd 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after buying an additional 553,275 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.6%

Shares of SHW opened at $350.45 on Friday. 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 company has a 50-day simple moving average of $335.65 and a 200-day simple moving average of $343.71. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The firm has a market capitalization of $86.87 billion, a P/E ratio of 34.19, a P/E/G ratio of 4.40 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping 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%.Sherwin-Williams’s revenue for the quarter was up 3.2% compared to the same quarter last year. 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. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SHW. UBS Group reaffirmed a “buy” rating and set a $415.00 price objective (down previously from $422.00) on shares of Sherwin-Williams in a research report on Monday, January 12th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Vertical Research upgraded 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. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.94.

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.