Baird Financial Group Inc. Boosts Stake in The Sherwin-Williams Company $SHW

Baird Financial Group Inc. raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,669 shares of the specialty chemicals company’s stock after purchasing an additional 9,114 shares during the quarter. Baird Financial Group Inc. owned 0.14% of Sherwin-Williams worth $123,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. MTM Investment Management LLC purchased a new position in Sherwin-Williams in the second quarter valued at approximately $26,000. Valley National Advisers Inc. increased its position in shares of Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring 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 $31,000. Finally, Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.5%

SHW opened at $339.25 on Thursday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $394.89. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market capitalization of $84.10 billion, a PE ratio of 33.10, a P/E/G ratio of 4.03 and a beta of 1.24. The firm’s fifty day moving average price is $338.33 and its 200 day moving average price is $347.38.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $6.21 billion. During the same period last year, the business earned $3.37 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced 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 dividend payout ratio (DPR) is currently 30.83%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and issued a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Bank of America dropped their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report 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 analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.