Strs Ohio Takes Position in The Sherwin-Williams Company $SHW

Strs Ohio bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 97,818 shares of the specialty chemicals company’s stock, valued at approximately $34,157,000.

A number of other institutional investors have also modified their holdings of SHW. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sherwin-Williams by 57.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,472 shares of the specialty chemicals company’s stock valued at $13,078,000 after purchasing an additional 14,011 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Sherwin-Williams by 8.7% in the 4th quarter. Nuveen Asset Management LLC now owns 808,474 shares of the specialty chemicals company’s stock valued at $274,825,000 after purchasing an additional 64,631 shares in the last quarter. NorthRock Partners LLC raised its stake in shares of Sherwin-Williams by 95.7% in the 4th quarter. NorthRock Partners LLC now owns 3,345 shares of the specialty chemicals company’s stock valued at $1,137,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of Sherwin-Williams by 1,322.2% in the 4th quarter. Nomura Holdings Inc. now owns 51,868 shares of the specialty chemicals company’s stock valued at $17,631,000 after purchasing an additional 48,221 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $368.79 on Friday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market cap of $91.95 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The company has a 50-day moving average price of $354.04 and a two-hundred day moving average price of $349.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the company posted $3.70 EPS. Sherwin-Williams’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $387.27.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

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.