SS&H Financial Advisors Inc. Sells 2,391 Shares of The Sherwin-Williams Company $SHW

SS&H Financial Advisors Inc. trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,030 shares of the specialty chemicals company’s stock after selling 2,391 shares during the quarter. Sherwin-Williams makes up approximately 1.6% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 13th largest holding. SS&H Financial Advisors Inc.’s holdings in Sherwin-Williams were worth $5,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Sherwin-Williams in the second quarter worth $1,296,565,000. Viking Global Investors LP increased its holdings in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Sherwin-Williams by 601.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after purchasing an additional 719,965 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Sherwin-Williams by 4,029.8% during the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after purchasing an additional 606,482 shares during the last quarter. Finally, Amundi grew its position in shares of Sherwin-Williams by 55.8% during the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after purchasing an additional 596,657 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SHW. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Mizuho decreased their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. 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 research report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $390.07.

Sherwin-Williams Stock Performance

NYSE SHW opened at $325.42 on Monday. The business’s 50 day moving average price is $334.59 and its 200-day moving average price is $343.68. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a market cap of $80.67 billion, a P/E ratio of 31.75, a P/E/G ratio of 3.84 and a beta of 1.24. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last posted 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 company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the firm earned $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. Sell-side analysts predict 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 issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.