Benjamin Edwards Inc. Boosts Holdings in The Sherwin-Williams Company $SHW

Benjamin Edwards Inc. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,519 shares of the specialty chemicals company’s stock after purchasing an additional 1,658 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.06% of Sherwin-Williams worth $49,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. MTM Investment Management LLC acquired a new stake in Sherwin-Williams in the 2nd quarter worth about $26,000. Valley National Advisers Inc. lifted its position in shares of 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 acquiring an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sherwin-Williams by 104.8% in 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 acquiring an additional 44 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams in the second quarter worth approximately $31,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHW. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Bank of America lowered their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday. Finally, Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $392.00 to $390.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $388.88.

Sherwin-Williams Stock Down 2.5%

Shares of NYSE SHW opened at $331.49 on Thursday. The company has a market capitalization of $82.17 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.62 and a beta of 1.26. 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 50 day simple moving average of $333.14 and a 200-day simple moving average of $343.22. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the business posted $3.37 earnings per share. 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. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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