1,712 Shares in The Sherwin-Williams Company $SHW Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,712 shares of the specialty chemicals company’s stock, valued at approximately $588,000.

A number of other large investors have also modified their holdings of SHW. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its position in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $337.84 on Wednesday. The business has a 50-day moving average of $338.40 and a two-hundred day moving average of $347.44. The firm has a market capitalization of $83.75 billion, a PE ratio of 32.96, a P/E/G ratio of 3.26 and a beta of 1.21. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $398.00.

Sherwin-Williams (NYSE:SHW) last issued its earnings results 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. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the business earned $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, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

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.