The Sherwin-Williams Company $SHW Position Trimmed by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 73.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,438 shares of the specialty chemicals company’s stock after selling 59,777 shares during the period. Cooper Creek Partners Management LLC’s holdings in Sherwin-Williams were worth $7,361,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SHW. Norges Bank purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $1,296,565,000. Price T Rowe Associates Inc. MD increased its stake in shares of Sherwin-Williams by 21.0% in the first 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 acquiring an additional 1,505,341 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth $265,510,000. Assenagon Asset Management S.A. boosted its position in Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock valued at $288,339,000 after purchasing an additional 719,965 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after purchasing an additional 606,482 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SHW shares. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Bank of America decreased their target price 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. Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Finally, UBS Group reiterated a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams Price Performance

NYSE SHW opened at $333.08 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $389.68. The company has a fifty day simple moving average of $338.04 and a 200 day simple moving average of $347.01. 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 company has a market cap of $82.57 billion, a P/E ratio of 32.50, a P/E/G ratio of 3.93 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last released 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. The firm had revenue of $6.36 billion during 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 business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

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.