Bristol Gate Capital Partners Inc. Has $80.33 Million Holdings in The Sherwin-Williams Company $SHW

Bristol Gate Capital Partners Inc. cut its position in The Sherwin-Williams Company (NYSE:SHW) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,938 shares of the specialty chemicals company’s stock after selling 54,144 shares during the period. Sherwin-Williams accounts for approximately 4.6% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 10th biggest holding. Bristol Gate Capital Partners Inc. owned about 0.09% of Sherwin-Williams worth $80,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Sherwin-Williams by 73.6% in the 4th 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 during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Sherwin-Williams by 48.6% in the 1st quarter. Arkadios Wealth Advisors now owns 3,022 shares of the specialty chemicals company’s stock worth $1,055,000 after acquiring an additional 988 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Sherwin-Williams by 13.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,043 shares of the specialty chemicals company’s stock valued at $1,412,000 after purchasing an additional 473 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after purchasing an additional 39 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $343.69 on Friday. The company has a 50 day moving average of $338.63 and a 200 day moving average of $347.78. 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 stock has a market cap of $85.20 billion, a P/E ratio of 33.53, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $398.77.

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

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Wednesday. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target 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.