The Sherwin-Williams Company $SHW Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 27.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,761 shares of the specialty chemicals company’s stock after purchasing an additional 803 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Sherwin-Williams were worth $1,291,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $31,000. Saudi Central Bank purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth about $33,000. Flaharty Asset Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth approximately $33,000. Finally, Anderson Financial Strategies LLC purchased a new position in Sherwin-Williams in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.7%

NYSE:SHW opened at $342.51 on Tuesday. The company has a market cap of $84.91 billion, a PE ratio of 33.42, a P/E/G ratio of 3.26 and a beta of 1.21. The business’s 50 day moving average is $345.12 and its two-hundred day moving average is $349.12. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the company posted $3.37 EPS. The business’s 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. On average, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated 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 sale, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research reports. Bank of America decreased their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Citigroup reiterated a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. One research 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, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams 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.