The Sherwin-Williams Company $SHW Shares Bought by Holocene Advisors LP

Holocene Advisors LP lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 955,814 shares of the specialty chemicals company’s stock after buying an additional 257,101 shares during the period. Sherwin-Williams makes up approximately 0.8% of Holocene Advisors LP’s portfolio, making the stock its 22nd largest position. Holocene Advisors LP owned about 0.38% of Sherwin-Williams worth $328,188,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. George Kaiser Family Foundation increased its stake in Sherwin-Williams by 50.7% during the second quarter. George Kaiser Family Foundation now owns 1,168 shares of the specialty chemicals company’s stock worth $401,000 after acquiring an additional 393 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 2.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 7,690 shares of the specialty chemicals company’s stock worth $2,640,000 after purchasing an additional 149 shares during the period. Eventide Asset Management LLC increased its position in shares of Sherwin-Williams by 1.0% during the 2nd quarter. Eventide Asset Management LLC now owns 107,402 shares of the specialty chemicals company’s stock worth $36,890,000 after purchasing an additional 1,034 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Sherwin-Williams in the 2nd quarter valued at about $789,000. Finally, Curi Capital LLC acquired a new position in Sherwin-Williams in the second quarter valued at about $871,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.2%

Shares of NYSE SHW opened at $328.64 on Friday. The stock has a market cap of $81.47 billion, a P/E ratio of 32.06, a PEG ratio of 3.88 and a beta of 1.24. The business’s fifty day simple moving average is $336.28 and its 200-day simple moving average is $346.13. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a current ratio of 0.82, a quick ratio of 0.52 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 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.Sherwin-Williams’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SHW shares. Bank of America reduced their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday. UBS Group restated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Mizuho set a $400.00 price objective on Sherwin-Williams in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.