4,196 Shares in The Sherwin-Williams Company $SHW Bought by First American Bank

First American Bank purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,196 shares of the specialty chemicals company’s stock, valued at approximately $1,453,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH purchased a new stake in Sherwin-Williams during the third quarter worth approximately $51,094,000. Atlas Brown Inc. increased its stake in Sherwin-Williams by 1.0% in the third quarter. Atlas Brown Inc. now owns 3,275 shares of the specialty chemicals company’s stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Permanent Capital Management LP acquired a new stake in Sherwin-Williams during the third quarter worth approximately $238,000. Sowell Financial Services LLC lifted its position in shares of Sherwin-Williams by 8.8% during the 3rd quarter. Sowell Financial Services LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 83 shares during the last quarter. Finally, Apella Capital LLC boosted its holdings in shares of Sherwin-Williams by 4.5% in the 3rd quarter. Apella Capital LLC now owns 1,544 shares of the specialty chemicals company’s stock valued at $512,000 after buying an additional 67 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group reiterated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and cut their price target for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $390.07.

Sherwin-Williams Stock Down 0.0%

Sherwin-Williams stock opened at $325.31 on Tuesday. The stock has a 50 day moving average of $334.48 and a two-hundred day moving average of $343.46. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The stock has a market capitalization of $80.64 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.84 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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 return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the business earned $3.37 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. 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 year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a $0.79 dividend. The ex-dividend date was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

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.