Retirement Systems of Alabama Decreases Position in The Sherwin-Williams Company $SHW

Retirement Systems of Alabama decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 22.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,411 shares of the specialty chemicals company’s stock after selling 50,109 shares during the quarter. Retirement Systems of Alabama owned 0.07% of Sherwin-Williams worth $59,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC increased its holdings in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares in the last quarter. Accurate Wealth Management LLC purchased a new position in Sherwin-Williams in the 2nd quarter worth about $248,000. Norden Group LLC lifted its stake in Sherwin-Williams by 6.9% during the 2nd quarter. Norden Group LLC now owns 1,216 shares of the specialty chemicals company’s stock valued at $417,000 after acquiring an additional 79 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its stake in Sherwin-Williams by 7.9% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,434 shares of the specialty chemicals company’s stock valued at $492,000 after acquiring an additional 105 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SHW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $385.94.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $348.19 on Friday. The stock has a market cap of $86.31 billion, a P/E ratio of 33.97, a P/E/G ratio of 4.30 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The stock’s fifty day moving average is $335.97 and its 200 day moving average is $343.71. The Sherwin-Williams Company has a one year low of $308.84 and a one year 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, beating the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

About Sherwin-Williams

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.