The Sherwin-Williams Company $SHW Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 60.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,967 shares of the specialty chemicals company’s stock after selling 33,482 shares during the period. QRG Capital Management Inc.’s holdings in Sherwin-Williams were worth $7,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. MTM Investment Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $26,000. Valley National Advisers Inc. increased its stake 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 valued at $28,000 after purchasing an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted 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 period. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams in the 2nd quarter worth about $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at about $36,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SHW shares. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Bank of America cut their target price 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. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their target price for the company from $392.00 to $390.00 in a report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $388.44.

Sherwin-Williams Trading Up 0.5%

Shares of SHW opened at $358.04 on Friday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The stock’s 50-day moving average is $334.83 and its two-hundred day moving average is $343.61. 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 cap of $88.76 billion, a PE ratio of 34.93, a P/E/G ratio of 4.42 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion for 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 company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.