Calamos Wealth Management LLC Has $13.28 Million Stock Position in The Sherwin-Williams Company $SHW

Calamos Wealth Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,338 shares of the specialty chemicals company’s stock after selling 8,917 shares during the period. Calamos Wealth Management LLC’s holdings in Sherwin-Williams were worth $13,275,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Richard W. Paul & Associates LLC grew its position in Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the last quarter. Valley Brook Capital Group Inc. boosted its stake in shares of Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after purchasing an additional 31 shares in the last quarter. 17 Capital Partners LLC grew its holdings in shares of Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after purchasing an additional 31 shares during the last quarter. Jessup Wealth Management Inc increased its stake in shares of Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after buying an additional 32 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Sherwin-Williams by 1.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $577,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. Bank of America reduced their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Mizuho decreased their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group restated a “buy” rating and set a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.07.

Sherwin-Williams Stock Up 0.3%

Shares of NYSE:SHW opened at $326.34 on Wednesday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. 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 business’s 50-day moving average is $334.23 and its 200-day moving average is $343.39. The company has a market capitalization of $80.90 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 3.84 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last issued 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 return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the company posted $3.37 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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