J.W. Cole Advisors Inc. Has $3.05 Million Stock Holdings in The Sherwin-Williams Company $SHW

J.W. Cole Advisors Inc. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,875 shares of the specialty chemicals company’s stock after acquiring an additional 245 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Sherwin-Williams were worth $3,047,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SHW. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. LPL Financial LLC grew its stake in shares of Sherwin-Williams by 8.7% in the first quarter. LPL Financial LLC now owns 217,958 shares of the specialty chemicals company’s stock worth $75,731,000 after purchasing an additional 17,389 shares during the last quarter. Norden Group LLC increased its holdings in Sherwin-Williams by 6.4% in the first quarter. Norden Group LLC now owns 1,137 shares of the specialty chemicals company’s stock valued at $397,000 after purchasing an additional 68 shares during the period. Foundations Investment Advisors LLC raised its position in Sherwin-Williams by 4.9% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,074 shares of the specialty chemicals company’s stock worth $724,000 after purchasing an additional 97 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its position in Sherwin-Williams by 5.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 5,556 shares of the specialty chemicals company’s stock worth $1,940,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $343.48 on Thursday. The stock has a market capitalization of $85.15 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The stock’s 50 day moving average price is $338.82 and its two-hundred day moving average price is $347.96.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup restated a “neutral” rating and set a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Thursday, November 20th. Finally, Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $390.87.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.