The Sherwin-Williams Company $SHW is PineStone Asset Management Inc.’s 10th Largest Position

PineStone Asset Management Inc. cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,645,885 shares of the specialty chemicals company’s stock after selling 35,215 shares during the period. Sherwin-Williams comprises 3.5% of PineStone Asset Management Inc.’s holdings, making the stock its 10th largest holding. PineStone Asset Management Inc. owned approximately 0.66% of Sherwin-Williams worth $569,904,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sowell Financial Services LLC increased its stake in Sherwin-Williams by 8.8% during the third quarter. Sowell Financial Services LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $356,000 after acquiring an additional 83 shares during the last quarter. Apella Capital LLC increased its position in shares of Sherwin-Williams by 4.5% during the 3rd quarter. Apella Capital LLC now owns 1,544 shares of the specialty chemicals company’s stock valued at $512,000 after purchasing an additional 67 shares during the last quarter. Stockman Wealth Management Inc. increased its position in shares of Sherwin-Williams by 12.1% during the 3rd quarter. Stockman Wealth Management Inc. now owns 925 shares of the specialty chemicals company’s stock valued at $320,000 after purchasing an additional 100 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at $260,000. Finally, CWM LLC lifted its position in Sherwin-Williams by 28.6% in the third quarter. CWM LLC now owns 12,940 shares of the specialty chemicals company’s stock worth $4,481,000 after buying an additional 2,877 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.0%

Shares of SHW opened at $325.42 on Friday. The firm has a market capitalization of $80.67 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.84 and a beta of 1.24. 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 Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a 50-day moving average of $334.59 and a 200 day moving average of $343.77.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 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 business 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 firm earned $3.37 EPS. The company’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. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 22nd. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and cut their price target 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 shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $390.07.

Sherwin-Williams 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.