BLI Banque de Luxembourg Investments Acquires New Holdings in The Sherwin-Williams Company $SHW

BLI Banque de Luxembourg Investments bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,100 shares of the specialty chemicals company’s stock, valued at approximately $3,145,000.

Other hedge funds have also modified their holdings of the company. Johnson Investment Counsel Inc. grew its stake in Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after purchasing an additional 38,228 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of Sherwin-Williams in the first quarter worth about $515,000. Moody Lynn & Lieberson LLC lifted its holdings in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after purchasing an additional 11,828 shares during the period. Lindenwold Advisors INC purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $1,303,000. Finally, Vanguard Group Inc. increased its holdings in Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after buying an additional 246,008 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $343.69 on Monday. The firm has a market cap of $85.20 billion, a PE ratio of 33.53, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $398.77. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The business has a 50-day moving average price of $338.63 and a 200 day moving average price of $347.76.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion for 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $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 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. 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 payout ratio is presently 30.83%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHW. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Mizuho set a $400.00 price target on Sherwin-Williams in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, 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.