New York State Teachers Retirement System Has $62.27 Million Holdings in The Sherwin-Williams Company $SHW

New York State Teachers Retirement System trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,841 shares of the specialty chemicals company’s stock after selling 1,530 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Sherwin-Williams worth $62,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SHW. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares in the last quarter. Empowered Funds LLC raised its position in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Sherwin-Williams by 29.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the specialty chemicals company’s stock worth $396,000 after purchasing an additional 257 shares in the last quarter. Modern Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 57.6% during the first quarter. Modern Wealth Management LLC now owns 1,382 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 505 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sherwin-Williams by 18.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,739 shares of the specialty chemicals company’s stock worth $3,344,000 after purchasing an additional 1,512 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 3.5%

Shares of NYSE SHW opened at $352.87 on Monday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The firm’s 50-day moving average is $333.17 and its 200-day moving average is $343.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $87.47 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.36 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $3.37 earnings per share. Sherwin-Williams’s revenue 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. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SHW. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Bank of America lowered their price objective 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. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $388.88.

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.