The Sherwin-Williams Company $SHW Shares Bought by Czech National Bank

Czech National Bank grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,892 shares of the specialty chemicals company’s stock after buying an additional 2,537 shares during the quarter. Czech National Bank’s holdings in Sherwin-Williams were worth $20,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Orser Capital Management LLC bought a new position in Sherwin-Williams during the 3rd quarter valued at $789,000. Defined Wealth Management LLC raised its stake in shares of Sherwin-Williams by 6.0% in the 3rd quarter. Defined Wealth Management LLC now owns 1,065 shares of the specialty chemicals company’s stock valued at $369,000 after purchasing an additional 60 shares in the last quarter. Lynch & Associates IN lifted its position in shares of Sherwin-Williams by 4.3% during the third quarter. Lynch & Associates IN now owns 5,896 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 243 shares during the last quarter. Ransom Advisory Ltd lifted its position in shares of Sherwin-Williams by 10.2% during the third quarter. Ransom Advisory Ltd now owns 1,625 shares of the specialty chemicals company’s stock worth $563,000 after purchasing an additional 150 shares during the last quarter. Finally, Oak Thistle LLC grew its stake in Sherwin-Williams by 49.2% in the third quarter. Oak Thistle LLC now owns 983 shares of the specialty chemicals company’s stock worth $340,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHW shares. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America reduced their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI increased their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.07.

Sherwin-Williams Trading Down 0.8%

NYSE:SHW opened at $325.45 on Friday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. 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 business has a 50 day simple moving average of $335.61 and a 200 day simple moving average of $345.31. The firm has a market capitalization of $80.68 billion, a P/E ratio of 31.75, a P/E/G ratio of 3.87 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period last year, the business posted $3.37 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis 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%.

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.