Calamos Advisors LLC Buys 30,207 Shares of The Sherwin-Williams Company $SHW

Calamos Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,406 shares of the specialty chemicals company’s stock after buying an additional 30,207 shares during the period. Calamos Advisors LLC owned about 0.07% of Sherwin-Williams worth $59,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $26,000. Valley National Advisers Inc. lifted its stake in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams in the second quarter worth $31,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Sherwin-Williams in the first quarter valued at $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America cut their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup upgraded shares of 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 research note on Thursday, December 18th. UBS Group restated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams 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 research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.07.

Sherwin-Williams Price Performance

SHW stock opened at $326.34 on Wednesday. The firm has a 50 day moving average of $334.23 and a 200-day moving average of $343.39. The firm has a market capitalization of $80.90 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 3.84 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. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last posted its 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 analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm posted $3.37 EPS. Sherwin-Williams’s revenue 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, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm 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 dividend payout ratio (DPR) is currently 30.83%.

About Sherwin-Williams

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.