Sumitomo Mitsui Trust Group Inc. Lowers Stock Position in The Sherwin-Williams Company $SHW

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 858,863 shares of the specialty chemicals company’s stock after selling 1,947 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.34% of Sherwin-Williams worth $297,390,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC increased its stake in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares during the period. Geneos Wealth Management Inc. lifted its position in Sherwin-Williams by 29.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 257 shares during the last quarter. Modern Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 57.6% during the first quarter. Modern Wealth Management LLC now owns 1,382 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 505 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sherwin-Williams by 18.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,739 shares of the specialty chemicals company’s stock worth $3,344,000 after purchasing an additional 1,512 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 3.5%

Sherwin-Williams stock opened at $352.87 on Monday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market capitalization of $87.47 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.36 and a beta of 1.26. The business’s fifty day moving average is $333.17 and its 200 day moving average is $343.24. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its 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. 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 business posted $3.37 earnings per share. The firm’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 predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is presently 30.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and cut their target price for the stock from $392.00 to $390.00 in a research note on Thursday, December 18th. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, UBS Group reiterated a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $388.88.

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.