OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in The Sherwin-Williams Company $SHW

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,800 shares of the specialty chemicals company’s stock after selling 7,070 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sherwin-Williams were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $26,000. Valley National Advisers Inc. raised its holdings in 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 acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Sherwin-Williams in the first quarter valued at $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SHW. Bank of America decreased their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a report on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $326.73 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The firm has a market capitalization of $80.99 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.79 and a beta of 1.24. The company’s fifty day moving average price is $336.93 and its two-hundred day moving average price is $346.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 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.