The Sherwin-Williams Company $SHW Position Cut by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 47.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 325,830 shares of the specialty chemicals company’s stock after selling 289,545 shares during the quarter. National Bank of Canada FI owned about 0.13% of Sherwin-Williams worth $111,850,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHW shares. Mizuho set a $400.00 price target on Sherwin-Williams in a research report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group reiterated 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. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One investment 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 stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $328.64 on Monday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. 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 firm has a 50-day moving average of $336.28 and a two-hundred day moving average of $345.98. The company has a market capitalization of $81.47 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 3.88 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 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm earned $3.37 EPS. The business’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. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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