Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Cuts Stock Holdings in The Sherwin-Williams Company $SHW

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 76.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,667 shares of the specialty chemicals company’s stock after selling 5,408 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sherwin-Williams were worth $553,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SHW. MTM Investment Management LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $26,000. Valley National Advisers Inc. increased its stake 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 worth $28,000 after purchasing an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in 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 purchasing an additional 44 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.2%

NYSE:SHW opened at $357.65 on Tuesday. The company has a 50-day moving average price of $333.41 and a 200-day moving average price of $343.35. The stock has a market cap of $88.66 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 4.36 and a beta of 1.26. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm earned $3.37 earnings per share. Sherwin-Williams’s revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Wednesday, January 7th. Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.44.

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.