First Trust Advisors LP Has $23.79 Million Holdings in The Sherwin-Williams Company $SHW

First Trust Advisors LP lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,288 shares of the specialty chemicals company’s stock after purchasing an additional 3,076 shares during the period. First Trust Advisors LP’s holdings in Sherwin-Williams were worth $23,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $26,000. Valley National Advisers Inc. lifted its holdings in shares of Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $31,000. Finally, Saudi Central Bank bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of SHW opened at $326.73 on Thursday. The company’s 50-day moving average is $336.93 and its 200-day moving average is $346.42. 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 firm has a market capitalization of $80.99 billion, a PE ratio of 31.88, a PEG ratio of 3.79 and a beta of 1.24. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The business 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%. Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. UBS Group reaffirmed 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday. Citigroup reissued a “neutral” rating and set a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Mizuho set a $400.00 price target on Sherwin-Williams in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.