Aviso Financial Inc. Purchases 1,158 Shares of The Sherwin-Williams Company $SHW

Aviso Financial Inc. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 35.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,459 shares of the specialty chemicals company’s stock after purchasing an additional 1,158 shares during the quarter. Aviso Financial Inc.’s holdings in Sherwin-Williams were worth $1,531,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Sherwin-Williams by 21.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after buying an additional 1,505,341 shares during the period. Nuveen LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at about $265,510,000. Assenagon Asset Management S.A. grew its stake in shares of Sherwin-Williams by 601.0% in the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock valued at $288,339,000 after acquiring an additional 719,965 shares in the last quarter. Bessemer Group Inc. increased its position in Sherwin-Williams by 4,029.8% during the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after acquiring an additional 606,482 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Sherwin-Williams by 22.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.3%

SHW opened at $338.05 on Tuesday. The company has a market cap of $83.80 billion, a P/E ratio of 32.98, a PEG ratio of 3.26 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The company’s 50 day moving average is $339.16 and its 200-day moving average is $348.06. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be 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 is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHW. Citigroup restated a “neutral” rating and set a $392.00 target price (up previously from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Thursday. Bank of America reduced their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Mizuho set a $400.00 price objective on Sherwin-Williams in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. One equities research 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $390.87.

About Sherwin-Williams

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.