The Sherwin-Williams Company $SHW Shares Sold by National Pension Service

National Pension Service trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 26.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,973 shares of the specialty chemicals company’s stock after selling 189,430 shares during the period. National Pension Service’s holdings in Sherwin-Williams were worth $185,062,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SHW. Moors & Cabot Inc. raised its position in shares of Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after buying an additional 39 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after purchasing an additional 38,228 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Sherwin-Williams in the first quarter worth approximately $515,000. Moody Lynn & Lieberson LLC boosted its stake in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after purchasing an additional 11,828 shares in the last quarter. Finally, Lindenwold Advisors INC acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at $1,303,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of several research analyst reports. Citigroup restated a “neutral” rating and issued a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. 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 research note on Wednesday, October 29th. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Trading Down 0.1%

NYSE SHW opened at $344.70 on Thursday. The firm’s 50 day moving average price is $344.46 and its two-hundred day moving average price is $349.19. 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 Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a market cap of $85.45 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last issued its 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. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.Sherwin-Williams’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the firm’s 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 sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

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.