Addenda Capital Inc. Has $3.66 Million Position in The Sherwin-Williams Company $SHW

Addenda Capital Inc. increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 52.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,561 shares of the specialty chemicals company’s stock after buying an additional 3,630 shares during the quarter. Addenda Capital Inc.’s holdings in Sherwin-Williams were worth $3,657,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Stokes Capital Advisors LLC raised its position in shares of Sherwin-Williams by 1.0% during the third quarter. Stokes Capital Advisors LLC now owns 26,830 shares of the specialty chemicals company’s stock worth $9,290,000 after acquiring an additional 260 shares during the last quarter. Embree Financial Group acquired a new stake in Sherwin-Williams in the third quarter worth about $229,000. Park Edge Advisors LLC bought a new stake in Sherwin-Williams during the 3rd quarter worth about $241,000. Legacy Private Trust Co. bought a new stake in Sherwin-Williams during the 3rd quarter worth about $527,000. Finally, Wedmont Private Capital lifted its position in Sherwin-Williams by 4.2% during the 3rd quarter. Wedmont Private Capital now owns 3,412 shares of the specialty chemicals company’s stock valued at $1,150,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Mizuho reduced their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group reaffirmed a “buy” rating and set a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday. Finally, Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $392.00 to $390.00 in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.07.

Sherwin-Williams Price Performance

NYSE SHW opened at $325.45 on Friday. The firm’s 50 day moving average is $335.61 and its 200-day moving average is $345.31. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $80.68 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.87 and a beta of 1.24. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s payout ratio is presently 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.