Czech National Bank Boosts Holdings in The Sherwin-Williams Company $SHW

Czech National Bank lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,892 shares of the specialty chemicals company’s stock after acquiring an additional 2,537 shares during the period. Czech National Bank’s holdings in Sherwin-Williams were worth $20,392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. MTM Investment Management LLC acquired a new position in Sherwin-Williams during the second quarter worth approximately $26,000. Valley National Advisers Inc. grew its stake in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth $31,000. Finally, Saudi Central Bank acquired a new position in Sherwin-Williams in the first quarter valued at $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research reports. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $390.07.

Sherwin-Williams Stock Down 0.8%

NYSE SHW opened at $325.45 on Friday. 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 Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The business has a 50 day moving average price of $335.61 and a two-hundred day moving average price of $345.31. The stock has a market cap of $80.68 billion, a PE ratio of 31.75, a P/E/G ratio of 3.87 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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