Smithbridge Asset Management Inc. DE Sells 6,504 Shares of The Sherwin-Williams Company $SHW

Smithbridge Asset Management Inc. DE cut its position in The Sherwin-Williams Company (NYSE:SHW) by 35.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,612 shares of the specialty chemicals company’s stock after selling 6,504 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Sherwin-Williams were worth $4,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Johnson Investment Counsel Inc. lifted its position in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after purchasing an additional 38,228 shares during the period. Cordatus Wealth Management LLC raised its stake in shares of Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after buying an additional 5,744 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after buying an additional 17,422 shares during the period. Moody Lynn & Lieberson LLC boosted its stake in shares of Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after buying an additional 11,828 shares during the last quarter. Finally, Lindenwold Advisors INC purchased a new stake in shares of Sherwin-Williams in the second quarter worth about $1,303,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW opened at $358.04 on Friday. 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 stock’s 50 day simple moving average is $334.83 and its 200-day simple moving average is $343.61. The company has a market cap of $88.76 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.26. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65.

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

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho lowered 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. UBS Group reaffirmed a “buy” rating and issued a $415.00 price objective (down previously from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Finally, Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus 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.