Metis Global Partners LLC Sells 1,404 Shares of The Sherwin-Williams Company $SHW

Metis Global Partners LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,513 shares of the specialty chemicals company’s stock after selling 1,404 shares during the period. Metis Global Partners LLC’s holdings in Sherwin-Williams were worth $10,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams in the second quarter valued at about $31,000. Saudi Central Bank bought a new position in Sherwin-Williams in the first quarter valued at about $33,000. Flaharty Asset Management LLC acquired a new position in Sherwin-Williams during the first quarter worth about $33,000. Finally, Anderson Financial Strategies LLC bought a new position in shares of Sherwin-Williams in the first quarter worth about $35,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHW shares. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a research note on Wednesday, October 29th. BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Citigroup reissued a “neutral” rating and set a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business’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 directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.9%

SHW opened at $339.87 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a fifty day moving average of $345.59 and a 200-day moving average of $348.83. The stock has a market cap of $84.25 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the firm posted $3.37 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

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.