Confluence Investment Management LLC Cuts Position in The Sherwin-Williams Company $SHW

Confluence Investment Management LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.9% in the third quarter, Holdings Channel.com reports. The fund owned 72,791 shares of the specialty chemicals company’s stock after selling 2,198 shares during the quarter. Confluence Investment Management LLC’s holdings in Sherwin-Williams were worth $25,205,000 at the end of the most recent reporting period.

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

Sherwin-Williams Trading Up 0.9%

Sherwin-Williams stock opened at $323.91 on Tuesday. The stock has a 50-day moving average price of $335.21 and a 200 day moving average price of $344.62. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The stock has a market cap of $80.29 billion, a PE ratio of 31.60, a P/E/G ratio of 3.79 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released 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. The company 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%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.37 EPS. 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 earnings per share for the current fiscal 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 $0.79 dividend. 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%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHW shares. UBS Group reaffirmed a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams 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. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Finally, Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $390.07.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.