The Sherwin-Williams Company $SHW Stock Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,914 shares of the specialty chemicals company’s stock after purchasing an additional 17,422 shares during the period. Nordea Investment Management AB’s holdings in Sherwin-Williams were worth $43,536,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its holdings in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the second quarter valued at about $31,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams in the second quarter worth about $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.5%

Sherwin-Williams stock opened at $354.19 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The stock has a market cap of $87.80 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 4.39 and a beta of 1.26. The business has a 50 day moving average price of $334.03 and a two-hundred day moving average price of $343.50. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the business posted $3.37 earnings per share. Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced 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. 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 30.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SHW shares. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Finally, UBS Group restated a “buy” rating and set a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $388.44.

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.