LS Investment Advisors LLC Has $11.11 Million Stock Holdings in The Sherwin-Williams Company $SHW

LS Investment Advisors LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 32,073 shares of the specialty chemicals company’s stock after selling 1,596 shares during the quarter. Sherwin-Williams makes up about 1.6% of LS Investment Advisors LLC’s holdings, making the stock its 24th largest position. LS Investment Advisors LLC’s holdings in Sherwin-Williams were worth $11,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after acquiring an additional 246,008 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Norges Bank bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $1,296,565,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Sherwin-Williams by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after buying an additional 553,275 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 1.2%

Shares of SHW stock opened at $327.96 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The firm has a market cap of $81.30 billion, a P/E ratio of 32.00, a PEG ratio of 3.49 and a beta of 1.26. The company has a 50 day moving average of $333.78 and a 200-day moving average of $343.24. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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. 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 the consensus estimate of $6.21 billion. During the same quarter in the prior year, the business earned $3.37 earnings per share. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s payout ratio is currently 30.83%.

Analyst Ratings Changes

A number of research firms recently commented on SHW. Mizuho lowered their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Bank of America decreased their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $392.00 to $390.00 in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $390.07.

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.