Federated Hermes Inc. Cuts Stock Position in The Sherwin-Williams Company $SHW

Federated Hermes Inc. lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,206 shares of the specialty chemicals company’s stock after selling 8,800 shares during the quarter. Federated Hermes Inc. owned approximately 0.08% of Sherwin-Williams worth $65,996,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC raised its position in Sherwin-Williams by 1.6% in the 2nd 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. raised its position in shares of Sherwin-Williams by 2.4% in the 2nd 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 in 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 during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Sherwin-Williams by 1.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, October 29th. UBS Group reissued a “buy” rating and set a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Citigroup reissued a “neutral” rating and set a $392.00 price objective (up from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. One research 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 company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Stock Down 0.7%

SHW stock opened at $333.08 on Monday. The company has a market capitalization of $82.57 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $389.68. The firm’s fifty day simple moving average is $338.04 and its 200-day simple moving average is $346.96. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52.

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 the consensus estimate of $3.44 by $0.15. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s payout ratio is 30.83%.

Sherwin-Williams Company 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.