Arrowstreet Capital Limited Partnership Buys 115,808 Shares of The Sherwin-Williams Company $SHW

Arrowstreet Capital Limited Partnership grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 40.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,099 shares of the specialty chemicals company’s stock after buying an additional 115,808 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.16% of Sherwin-Williams worth $137,721,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Richard W. Paul & Associates LLC boosted its position in 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 purchasing an additional 30 shares during the period. Valley Brook Capital Group Inc. boosted its holdings in shares of Sherwin-Williams by 2.4% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after buying an additional 31 shares during the period. 17 Capital Partners LLC boosted its holdings in shares of Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after buying an additional 31 shares during the period. Jessup Wealth Management Inc grew its stake in Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after buying an additional 32 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.1%

Shares of SHW stock opened at $337.84 on Wednesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $398.00. 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 stock has a fifty day moving average price of $338.40 and a 200 day moving average price of $347.44. The stock has a market cap of $83.75 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis 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 Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group restated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Wednesday, November 26th. Citigroup reaffirmed a “neutral” rating and issued a $392.00 target price (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Finally, Mizuho set a $400.00 price objective on shares of Sherwin-Williams 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 issued a Hold rating to the company. Based on data from MarketBeat, the company currently 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.