The Sherwin-Williams Company $SHW Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 8.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,366 shares of the specialty chemicals company’s stock after purchasing an additional 6,250 shares during the period. Cerity Partners LLC’s holdings in Sherwin-Williams were worth $28,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of Sherwin-Williams by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 8,669 shares of the specialty chemicals company’s stock worth $2,977,000 after acquiring an additional 57 shares in the last quarter. Jump Financial LLC bought a new position in Sherwin-Williams during the second quarter worth $1,210,000. Cary Street Partners Investment Advisory LLC lifted its stake in Sherwin-Williams by 1.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares during the last quarter. Avestar Capital LLC boosted its holdings in Sherwin-Williams by 13.4% in the second quarter. Avestar Capital LLC now owns 2,406 shares of the specialty chemicals company’s stock worth $826,000 after purchasing an additional 285 shares during the period. Finally, Financial & Tax Architects LLC increased its stake in Sherwin-Williams by 0.9% during the second quarter. Financial & Tax Architects LLC now owns 19,040 shares of the specialty chemicals company’s stock valued at $6,537,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SHW. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 target price on Sherwin-Williams in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Tuesday, December 2nd. Bank of America reduced their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Evercore ISI increased their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Stock Down 1.8%

SHW opened at $327.23 on Tuesday. The stock’s 50 day moving average price is $337.73 and its 200 day moving average price is $346.78. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market cap of $81.12 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.93 and a beta of 1.24. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $385.90.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the previous year, the firm posted $3.37 EPS. The firm’s quarterly 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. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

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.