The Sherwin-Williams Company $SHW Shares Sold by Barings LLC

Barings LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,492 shares of the specialty chemicals company’s stock after selling 2,708 shares during the quarter. Barings LLC’s holdings in Sherwin-Williams were worth $4,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew 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 valued at $525,000 after buying an additional 655 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Sherwin-Williams by 9.8% during the first quarter. AE Wealth Management LLC now owns 8,472 shares of the specialty chemicals company’s stock valued at $2,959,000 after purchasing an additional 759 shares during the period. Cetera Investment Advisers lifted its position in shares of Sherwin-Williams by 3.6% during the first quarter. Cetera Investment Advisers now owns 63,898 shares of the specialty chemicals company’s stock worth $22,313,000 after purchasing an additional 2,224 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Sherwin-Williams by 146.8% in the first quarter. Assetmark Inc. now owns 22,525 shares of the specialty chemicals company’s stock valued at $7,866,000 after purchasing an additional 13,400 shares during the period. Finally, Caliber Wealth Management LLC KS acquired a new stake in Sherwin-Williams during the 1st quarter valued at $407,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 2.8%

NYSE:SHW opened at $337.05 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company has a market capitalization of $83.55 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a 50-day simple moving average of $339.55 and a 200 day simple moving average of $348.20.

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, beating the consensus estimate of $3.44 by $0.15. The firm had revenue of $6.36 billion for 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%.Sherwin-Williams’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Thursday. Citigroup restated a “neutral” rating and set a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Finally, Evercore ISI lifted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.