Westwood Holdings Group Inc. Cuts Stock Position in The Sherwin-Williams Company $SHW

Westwood Holdings Group Inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,970 shares of the specialty chemicals company’s stock after selling 2,009 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Sherwin-Williams were worth $5,827,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Richard W. Paul & Associates LLC grew its position in Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after acquiring an additional 30 shares during the last quarter. Valley Brook Capital Group Inc. boosted its stake in shares of Sherwin-Williams by 2.4% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after purchasing an additional 31 shares in the last quarter. 17 Capital Partners LLC boosted its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares in the last quarter. Jessup Wealth Management Inc raised its position in Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after purchasing an additional 32 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Sherwin-Williams by 1.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $328.58 on Tuesday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The stock has a market capitalization of $81.45 billion, a P/E ratio of 32.06, a P/E/G ratio of 3.88 and a beta of 1.24. The company’s 50-day moving average is $336.11 and its 200 day moving average is $345.79. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the business posted $3.37 earnings per share. Sherwin-Williams’s quarterly 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, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a dividend of $0.79 per share. The ex-dividend date was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.83%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SHW shares. Mizuho set a $400.00 price objective on Sherwin-Williams in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased 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. Citigroup reaffirmed a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, Bank of America cut their price objective 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. One 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. 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.