Canoe Financial LP Lowers Stock Position in The Sherwin-Williams Company $SHW

Canoe Financial LP cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 337,057 shares of the specialty chemicals company’s stock after selling 16,100 shares during the quarter. Canoe Financial LP owned approximately 0.14% of Sherwin-Williams worth $116,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. JGP Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 2.2% in the third quarter. JGP Wealth Management LLC now owns 3,424 shares of the specialty chemicals company’s stock valued at $1,177,000 after acquiring an additional 75 shares in the last quarter. Robbins Farley lifted its holdings in Sherwin-Williams by 14.5% during the third quarter. Robbins Farley now owns 11,784 shares of the specialty chemicals company’s stock worth $4,080,000 after acquiring an additional 1,488 shares during the period. Norden Group LLC boosted its position in Sherwin-Williams by 9.5% in the third quarter. Norden Group LLC now owns 1,332 shares of the specialty chemicals company’s stock worth $462,000 after purchasing an additional 116 shares during the last quarter. Founders Financial Securities LLC grew its stake in Sherwin-Williams by 4.7% in the 3rd quarter. Founders Financial Securities LLC now owns 3,800 shares of the specialty chemicals company’s stock valued at $1,316,000 after purchasing an additional 171 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $84,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.3%

NYSE:SHW opened at $325.16 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The stock’s fifty day moving average price is $334.70 and its two-hundred day moving average price is $344.11. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The company has a market cap of $80.60 billion, a P/E ratio of 31.72, a P/E/G ratio of 3.84 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last released 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. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the company posted $3.37 EPS. The firm’s revenue for the quarter 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. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on SHW shares. 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. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $390.07.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.