Edgestream Partners L.P. Acquires Shares of 6,495 The Sherwin-Williams Company $SHW

Edgestream Partners L.P. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,495 shares of the specialty chemicals company’s stock, valued at approximately $2,230,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Richard W. Paul & Associates LLC grew its position in Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 30 shares in the last quarter. Valley Brook Capital Group Inc. lifted its position in shares of Sherwin-Williams by 2.4% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after acquiring an additional 31 shares during the period. 17 Capital Partners LLC lifted its position in shares of Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after acquiring an additional 31 shares during the period. Jessup Wealth Management Inc grew its holdings in shares of Sherwin-Williams by 1.4% during the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after purchasing an additional 32 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Sherwin-Williams by 41.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 33 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 1.3%

Shares of Sherwin-Williams stock opened at $334.98 on Friday. The firm’s 50 day moving average is $338.22 and its 200 day moving average is $347.30. The firm has a market capitalization of $83.04 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 4.00 and a beta of 1.24. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $391.52. 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 earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SHW. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research 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 note on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Company 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.