The Sherwin-Williams Company $SHW Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 216.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,725 shares of the specialty chemicals company’s stock after acquiring an additional 68,915 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sherwin-Williams were worth $34,585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares during the last quarter. Nuveen LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at $265,510,000. Assenagon Asset Management S.A. raised its stake in Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after acquiring an additional 719,965 shares in the last quarter. Bessemer Group Inc. lifted its position in Sherwin-Williams by 4,029.8% in the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after acquiring an additional 606,482 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Sherwin-Williams by 223.1% in the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock valued at $214,883,000 after acquiring an additional 424,930 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of 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 document filed with the SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Loop Capital cut their target price 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $339.87 on Monday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market capitalization of $84.25 billion, a P/E ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21. The company’s fifty day moving average is $345.59 and its two-hundred day moving average is $349.07.

Sherwin-Williams (NYSE:SHW) last announced 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 during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter last year, the business earned $3.37 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.