Teacher Retirement System of Texas Cuts Stock Position in The Sherwin-Williams Company $SHW

Teacher Retirement System of Texas lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 43.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,873 shares of the specialty chemicals company’s stock after selling 57,654 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sherwin-Williams were worth $25,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SHW. MTM Investment Management LLC bought a new position in Sherwin-Williams during the second quarter valued at about $26,000. Valley National Advisers Inc. boosted 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 acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $36,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 0.7%

Shares of NYSE:SHW opened at $348.19 on Friday. The firm has a fifty day moving average price of $335.97 and a two-hundred day moving average price of $343.73. The company has a market cap of $86.31 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 4.33 and a beta of 1.26. 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 Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company 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 firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Bank of America dropped their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday. 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. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $415.00 price objective (down from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $385.94.

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.