The Sherwin-Williams Company $SHW Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 360,669 shares of the specialty chemicals company’s stock after buying an additional 9,114 shares during the quarter. Baird Financial Group Inc.’s holdings in Sherwin-Williams were worth $123,839,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 1.1% in the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after acquiring an additional 246,008 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Sherwin-Williams by 21.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the last quarter. Alliancebernstein L.P. boosted its position in Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the period. Finally, Norges Bank bought a new position in Sherwin-Williams during the 2nd quarter worth $1,296,565,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.5%

Sherwin-Williams stock opened at $339.25 on Thursday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $394.89. The stock has a market cap of $84.10 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 4.03 and a beta of 1.24. The company’s 50-day moving average price is $338.33 and its two-hundred day moving average price is $347.38. 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 issued its quarterly 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 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 EPS. The business’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, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SHW shares. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Mizuho set a $400.00 price objective on shares of Sherwin-Williams in a report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group restated a “buy” rating and issued a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Finally, Citigroup reaffirmed a “neutral” rating and set a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.