Wambolt & Associates LLC Reduces Position in The Sherwin-Williams Company $SHW

Wambolt & Associates LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 729 shares of the specialty chemicals company’s stock after selling 159 shares during the quarter. Wambolt & Associates LLC’s holdings in Sherwin-Williams were worth $259,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SHW. Choreo LLC raised its holdings in shares of Sherwin-Williams by 5.2% in the second quarter. Choreo LLC now owns 11,037 shares of the specialty chemicals company’s stock worth $3,790,000 after buying an additional 546 shares during the period. J.W. Cole Advisors Inc. increased its stake in Sherwin-Williams by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 8,875 shares of the specialty chemicals company’s stock worth $3,047,000 after purchasing an additional 245 shares during the period. Laurel Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 34,266.7% during the second quarter. Laurel Wealth Advisors LLC now owns 1,031 shares of the specialty chemicals company’s stock worth $354,000 after purchasing an additional 1,028 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Sherwin-Williams by 1,103.4% during the second quarter. XTX Topco Ltd now owns 9,675 shares of the specialty chemicals company’s stock worth $3,322,000 after purchasing an additional 8,871 shares during the last quarter. Finally, Aviso Financial Inc. boosted its stake in shares of Sherwin-Williams by 35.1% during the second quarter. Aviso Financial Inc. now owns 4,459 shares of the specialty chemicals company’s stock valued at $1,531,000 after purchasing an additional 1,158 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $343.48 on Thursday. The stock’s 50-day moving average is $338.82 and its 200 day moving average is $347.96. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48. The company has a market cap of $85.15 billion, a P/E ratio of 33.51, a PEG ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the firm posted $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. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Thursday, November 20th. Citigroup reiterated a “neutral” rating and issued a $392.00 target price (up from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. JPMorgan Chase & Co. raised 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. Finally, Evercore ISI lifted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned 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 $390.87.

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.