The Sherwin-Williams Company $SHW Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,176 shares of the specialty chemicals company’s stock after selling 35,473 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Sherwin-Williams worth $44,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SHW. UniSuper Management Pty Ltd raised its position in Sherwin-Williams by 4.8% in the third quarter. UniSuper Management Pty Ltd now owns 190,133 shares of the specialty chemicals company’s stock worth $65,835,000 after acquiring an additional 8,622 shares in the last quarter. JLB & Associates Inc. grew its stake in shares of Sherwin-Williams by 7.5% during the 3rd quarter. JLB & Associates Inc. now owns 41,180 shares of the specialty chemicals company’s stock worth $14,259,000 after purchasing an additional 2,857 shares during the period. UNIVEST FINANCIAL Corp increased its holdings in shares of Sherwin-Williams by 4.4% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 35,930 shares of the specialty chemicals company’s stock valued at $12,441,000 after purchasing an additional 1,515 shares in the last quarter. Wendell David Associates Inc. increased its holdings in shares of Sherwin-Williams by 0.7% in the 3rd quarter. Wendell David Associates Inc. now owns 23,326 shares of the specialty chemicals company’s stock valued at $8,077,000 after purchasing an additional 169 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Sherwin-Williams by 22.0% in the third quarter. Parkside Financial Bank & Trust now owns 783 shares of the specialty chemicals company’s stock valued at $271,000 after purchasing an additional 141 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SHW shares. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday, January 7th. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Bank of America dropped their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.94.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $348.19 on Monday. 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 market capitalization of $86.31 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 4.30 and a beta of 1.26. The stock has a fifty day moving average of $335.97 and a two-hundred day moving average of $343.65. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82.

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, beating analysts’ consensus estimates 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 return on equity of 66.75% and a net margin of 11.05%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

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.