Rakuten Investment Management Inc. Purchases New Holdings in The Sherwin-Williams Company $SHW

Rakuten Investment Management Inc. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 30,017 shares of the specialty chemicals company’s stock, valued at approximately $9,807,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after acquiring an additional 246,008 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 valued at $1,746,222,000 after acquiring an additional 90,482 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in 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 period. Norges Bank acquired a new stake in Sherwin-Williams in the second quarter worth about $1,296,565,000. Finally, JPMorgan Chase & Co. raised its holdings in Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after purchasing an additional 553,275 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Up 2.7%

Sherwin-Williams stock opened at $356.35 on Thursday. The firm has a market capitalization of $88.34 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 4.28 and a beta of 1.26. The company’s 50 day simple moving average is $335.42 and its 200 day simple moving average is $343.67. 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 fifty-two week low of $308.84 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued 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 firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SHW shares. 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. UBS Group restated a “buy” rating and issued a $415.00 price objective (down from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $388.44.

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.