Edgestream Partners L.P. Takes $2.23 Million Position in The Sherwin-Williams Company $SHW

Edgestream Partners L.P. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,495 shares of the specialty chemicals company’s stock, valued at approximately $2,230,000.

Other hedge funds have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC boosted its stake in shares of Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 30 shares during the last quarter. Valley Brook Capital Group Inc. raised its holdings in Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after acquiring an additional 31 shares in the last quarter. 17 Capital Partners LLC boosted its position in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares during the last quarter. Jessup Wealth Management Inc grew its stake in Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after purchasing an additional 32 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in Sherwin-Williams by 41.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $334.98 on Friday. The stock has a market cap of $83.04 billion, a PE ratio of 32.68, a P/E/G ratio of 4.00 and a beta of 1.24. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a 50-day moving average of $338.22 and a 200-day moving average of $347.30. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $391.52.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the firm earned $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. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHW shares. Bank of America cut their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Tuesday. Finally, UBS Group reiterated a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Profile

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.