The Sherwin-Williams Company $SHW Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,712 shares of the specialty chemicals company’s stock after selling 71,647 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Sherwin-Williams worth $146,516,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHW. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth about $81,000. Savvy Advisors Inc. acquired a new position in Sherwin-Williams in the 1st quarter valued at about $280,000. Wolverine Asset Management LLC raised its stake in Sherwin-Williams by 75.0% during the 1st quarter. Wolverine Asset Management LLC now owns 3,500 shares of the specialty chemicals company’s stock valued at $1,222,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sherwin-Williams during the 1st quarter worth approximately $11,108,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a report on Wednesday, October 29th. Finally, Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. One investment 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. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $333.08 on Monday. The company has a market cap 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 one year low of $308.84 and a one year high of $389.68. The business has a fifty day moving average of $338.04 and a two-hundred day moving average of $346.96. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping 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 business 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 company posted $3.37 EPS. The business’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, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.