Absoluto Partners Gestao de Recursos Ltda Reduces Stock Holdings in The Sherwin-Williams Company $SHW

Absoluto Partners Gestao de Recursos Ltda lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 18.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,339 shares of the specialty chemicals company’s stock after selling 1,621 shares during the period. Sherwin-Williams accounts for approximately 1.5% of Absoluto Partners Gestao de Recursos Ltda’s holdings, making the stock its 15th biggest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in Sherwin-Williams were worth $2,520,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $1,296,565,000. Price T Rowe Associates Inc. MD increased its position in shares of Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after buying an additional 1,505,341 shares during the period. Viking Global Investors LP increased its position in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares during the period. Assenagon Asset Management S.A. raised its stake in Sherwin-Williams by 601.0% in the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after buying an additional 719,965 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Sherwin-Williams by 4,029.8% in the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after buying an additional 606,482 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.2%

NYSE:SHW opened at $328.64 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a market cap of $81.47 billion, a P/E ratio of 32.06, a P/E/G ratio of 3.88 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. The firm has a 50-day simple moving average of $336.28 and a two-hundred day simple moving average of $346.13.

Sherwin-Williams (NYSE:SHW) last posted 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group reiterated a “buy” rating and set a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Bank of America dropped their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus 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.