iA Global Asset Management Inc. Cuts Stock Position in The Sherwin-Williams Company $SHW

iA Global Asset Management Inc. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,611 shares of the specialty chemicals company’s stock after selling 9,433 shares during the quarter. iA Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $24,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares during the period. Sowell Financial Services LLC lifted its stake in Sherwin-Williams by 7.6% in the second quarter. Sowell Financial Services LLC now owns 945 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 67 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Sherwin-Williams by 2.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,394 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 39 shares during the period. Finally, Accurate Wealth Management LLC purchased a new stake in Sherwin-Williams in the second quarter worth $248,000. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SHW shares. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday. UBS Group reiterated a “buy” rating and set a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a research report on Monday, January 12th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Vertical Research raised 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, January 7th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.94.

Sherwin-Williams Trading Down 1.6%

Shares of Sherwin-Williams stock opened at $350.45 on Friday. The company’s 50-day moving average price is $335.65 and its 200-day moving average price is $343.71. 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 Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a market cap of $86.87 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 4.40 and a beta of 1.26.

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. On average, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.