Advisors Asset Management Inc. Decreases Stock Holdings in The Sherwin-Williams Company $SHW

Advisors Asset Management Inc. cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,118 shares of the specialty chemicals company’s stock after selling 1,632 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sherwin-Williams were worth $4,848,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC increased its position in shares of Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of Sherwin-Williams by 2.4% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after buying an additional 31 shares during the period. 17 Capital Partners LLC grew its holdings in shares of Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares during the last quarter. Jessup Wealth Management Inc boosted its holdings in shares of Sherwin-Williams by 1.4% during the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 32 shares during the period. Finally, Nicolet Advisory Services LLC grew its position in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock worth $362,000 after purchasing an additional 33 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.2%

SHW opened at $343.48 on Thursday. The company has a market capitalization of $85.15 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.26 and a beta of 1.21. The firm’s fifty day moving average price is $338.82 and its two-hundred day moving average price is $347.96. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.05% and a return on equity of 66.75%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Thursday, November 20th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Mizuho set a $400.00 price objective on Sherwin-Williams in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams 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.