Federated Hermes Inc. Lowers Stock Position in The Sherwin-Williams Company $SHW

Federated Hermes Inc. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,206 shares of the specialty chemicals company’s stock after selling 8,800 shares during the quarter. Federated Hermes Inc.’s holdings in Sherwin-Williams were worth $65,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the 4th 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 period. AlphaCore Capital LLC purchased a new position in Sherwin-Williams during the first quarter worth approximately $81,000. Savvy Advisors Inc. purchased a new position in Sherwin-Williams during the first quarter worth approximately $280,000. Wolverine Asset Management LLC grew its holdings in Sherwin-Williams by 75.0% in the first quarter. Wolverine Asset Management LLC now owns 3,500 shares of the specialty chemicals company’s stock valued at $1,222,000 after purchasing an additional 1,500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $11,108,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Tuesday, December 2nd. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating and set a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Finally, Bank of America decreased their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. One equities 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’s stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $333.08 on Monday. The company has a fifty day simple moving average of $338.04 and a 200-day simple moving average of $346.96. The firm has a market capitalization of $82.57 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 3.93 and a beta of 1.24. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $389.68.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping 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 firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the firm posted $3.37 earnings per share. The company’s revenue for the quarter 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 anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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. The ex-dividend date was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 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.