The Sherwin-Williams Company $SHW Shares Purchased by Shelton Capital Management

Shelton Capital Management raised its position in The Sherwin-Williams Company (NYSE:SHW) by 317.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,468 shares of the specialty chemicals company’s stock after acquiring an additional 4,159 shares during the quarter. Shelton Capital Management’s holdings in Sherwin-Williams were worth $1,877,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Johnson Investment Counsel Inc. grew its stake in Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after purchasing an additional 38,228 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $515,000. Moody Lynn & Lieberson LLC grew its position in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after buying an additional 11,828 shares in the last quarter. Lindenwold Advisors INC bought a new stake in shares of Sherwin-Williams in the second quarter worth $1,303,000. Finally, Vanguard Group Inc. raised its holdings in Sherwin-Williams by 1.1% in the second 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 in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on SHW. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Evercore ISI upped their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. 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 dropped their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, UBS Group reaffirmed a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Stock Performance

SHW opened at $341.46 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The business’s 50 day moving average is $338.53 and its 200-day moving average is $347.62. The stock has a market cap of $84.65 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $398.50.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period last year, the firm earned $3.37 EPS. The firm’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 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors 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 yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

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.