The Sherwin-Williams Company $SHW is Invesco LLC’s 9th Largest Position

Invesco LLC lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 29.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,709 shares of the specialty chemicals company’s stock after selling 7,931 shares during the period. Sherwin-Williams makes up approximately 2.2% of Invesco LLC’s investment portfolio, making the stock its 9th largest holding. Invesco LLC’s holdings in Sherwin-Williams were worth $6,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after acquiring an additional 246,008 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sherwin-Williams by 1.8% during the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Norges Bank acquired a new position in Sherwin-Williams during the second quarter valued at $1,296,565,000. Finally, JPMorgan Chase & Co. boosted its holdings in Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after purchasing an additional 553,275 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.6%

Sherwin-Williams stock opened at $324.23 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market capitalization of $80.37 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 3.82 and a beta of 1.26. The business has a 50 day simple moving average of $333.90 and a 200-day simple moving average of $343.12. 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 released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm’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 EPS. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.83%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SHW shares. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Bank of America reduced 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. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday. Finally, Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their target price for the company from $392.00 to $390.00 in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $390.07.

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.