Addenda Capital Inc. Has $3.66 Million Stock Position in The Sherwin-Williams Company $SHW

Addenda Capital Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 52.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,561 shares of the specialty chemicals company’s stock after acquiring an additional 3,630 shares during the period. Addenda Capital Inc.’s holdings in Sherwin-Williams were worth $3,657,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SHW. Johnson Investment Counsel Inc. raised its position in shares of Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the period. Ransom Advisory Ltd acquired a new stake in Sherwin-Williams during the first quarter worth $515,000. Moody Lynn & Lieberson LLC raised its position in Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after purchasing an additional 11,828 shares during the period. Lindenwold Advisors INC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $1,303,000. Finally, Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW opened at $325.45 on Friday. The company has a market cap of $80.68 billion, a P/E ratio of 31.75, a PEG ratio of 3.87 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 company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The firm’s 50 day moving average price is $335.61 and its 200 day moving average price is $345.31.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion during 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 firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal 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 paid 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 payout ratio is presently 30.83%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. UBS Group restated a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $392.00 to $390.00 in a report on Thursday. Mizuho dropped their target price on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Bank of America cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $390.07.

About Sherwin-Williams

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.