Allspring Global Investments Holdings LLC Has $51.27 Million Position in The Sherwin-Williams Company $SHW

Allspring Global Investments Holdings LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 28.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,292 shares of the specialty chemicals company’s stock after buying an additional 32,095 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Sherwin-Williams worth $51,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Valley Brook Capital Group Inc. grew its position in Sherwin-Williams by 2.4% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after purchasing an additional 31 shares in the last quarter. CWM LLC grew its position in shares of Sherwin-Williams by 23.9% during the 2nd quarter. CWM LLC now owns 10,063 shares of the specialty chemicals company’s stock valued at $3,455,000 after acquiring an additional 1,940 shares during the period. OFI Invest Asset Management grew its position in shares of Sherwin-Williams by 9.8% during the 2nd quarter. OFI Invest Asset Management now owns 2,186 shares of the specialty chemicals company’s stock valued at $751,000 after acquiring an additional 195 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Sherwin-Williams by 18.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,828 shares of the specialty chemicals company’s stock valued at $9,219,000 after acquiring an additional 4,091 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of Sherwin-Williams by 6.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,734 shares of the specialty chemicals company’s stock valued at $5,059,000 after acquiring an additional 952 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 0.9%

Shares of NYSE SHW opened at $335.22 on Wednesday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock has a market cap of $83.58 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The firm has a 50-day moving average of $354.37 and a 200 day moving average of $348.31. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the firm posted $3.70 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SHW. Citigroup reaffirmed a “neutral” rating and issued a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.