Andra AP fonden Has $24.04 Million Position in The Sherwin-Williams Company $SHW

Andra AP fonden lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the specialty chemicals company’s stock after selling 1,700 shares during the quarter. Andra AP fonden’s holdings in Sherwin-Williams were worth $24,035,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. raised its holdings in Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $31,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the first quarter worth $33,000. Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth $33,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $35,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 2.0%

SHW stock opened at $335.97 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $83.28 billion, a PE ratio of 32.78, a PEG ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The business’s 50 day simple moving average is $346.77 and its 200 day simple moving average is $348.81.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SHW shares. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. BMO Capital Markets dropped their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams 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.