The Sherwin-Williams Company $SHW Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,505 shares of the specialty chemicals company’s stock after selling 1,745 shares during the quarter. Park Avenue Securities LLC’s holdings in Sherwin-Williams were worth $2,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC lifted its stake in shares of Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after purchasing an additional 30 shares during the period. Valley Brook Capital Group Inc. lifted its position in Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after buying an additional 31 shares during the period. 17 Capital Partners LLC boosted its stake in 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 worth $1,147,000 after buying an additional 31 shares during the last quarter. Alpine Bank Wealth Management grew its holdings in Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after buying an additional 31 shares during the period. Finally, Jessup Wealth Management Inc increased its stake in shares of Sherwin-Williams by 1.4% during the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 32 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $352.87 on Friday. The firm’s fifty day simple moving average is $333.17 and its 200 day simple moving average is $343.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 3.77 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced 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. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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 dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHW. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Finally, Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $388.88.

Sherwin-Williams Profile

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.