Wallace Advisory Group LLC Sells 3,949 Shares of The Sherwin-Williams Company $SHW

Wallace Advisory Group LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 83.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 796 shares of the specialty chemicals company’s stock after selling 3,949 shares during the period. Wallace Advisory Group LLC’s holdings in Sherwin-Williams were worth $273,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. MTM Investment Management LLC bought a new stake in Sherwin-Williams during the 2nd quarter worth about $26,000. Valley National Advisers Inc. grew its holdings 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 acquiring an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Sherwin-Williams during the second quarter worth about $31,000. Finally, Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SHW shares. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their target price for the company from $392.00 to $390.00 in a report on Thursday, December 18th. 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 price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday. Finally, Mizuho dropped their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $390.07.

Sherwin-Williams Stock Up 0.3%

Shares of NYSE SHW opened at $325.16 on Friday. The stock has a market capitalization of $80.60 billion, a P/E ratio of 31.72, a PEG ratio of 3.84 and a beta of 1.24. The stock’s fifty day moving average is $334.70 and its 200 day moving average is $344.11. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.