Assenagon Asset Management S.A. Sells 735,292 Shares of The Sherwin-Williams Company $SHW

Assenagon Asset Management S.A. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 87.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,464 shares of the specialty chemicals company’s stock after selling 735,292 shares during the period. Assenagon Asset Management S.A.’s holdings in Sherwin-Williams were worth $36,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of Sherwin-Williams in the second quarter worth $1,296,565,000. Price T Rowe Associates Inc. MD lifted its holdings in Sherwin-Williams by 21.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Viking Global Investors LP boosted its stake in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares during the period. Bessemer Group Inc. grew its holdings in Sherwin-Williams by 4,029.8% during the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after buying an additional 606,482 shares in the last quarter. Finally, Amundi grew its holdings in Sherwin-Williams by 55.8% during the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after buying an additional 596,657 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.8%

Shares of NYSE SHW opened at $325.45 on Friday. The firm’s fifty day moving average is $335.61 and its 200 day moving average is $345.31. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. 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 cap of $80.68 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.87 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS 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 firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period last year, the company posted $3.37 EPS. The company’s quarterly revenue 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. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were paid a $0.79 dividend. The ex-dividend date was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.83%.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $392.00 to $390.00 in a research report on Thursday. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.07.

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.