Canoe Financial LP Lowers Position in The Sherwin-Williams Company $SHW

Canoe Financial LP trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 337,057 shares of the specialty chemicals company’s stock after selling 16,100 shares during the quarter. Canoe Financial LP’s holdings in Sherwin-Williams were worth $116,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Richard W. Paul & Associates LLC grew its holdings in shares of Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after purchasing an additional 30 shares in the last quarter. Valley Brook Capital Group Inc. lifted its position in Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after purchasing an additional 31 shares during the last quarter. 17 Capital Partners LLC grew its stake in Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after buying an additional 31 shares in the last quarter. Jessup Wealth Management Inc increased its holdings in shares of Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after buying an additional 32 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $577,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. 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 report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday. Finally, Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.07.

Sherwin-Williams Trading Up 0.3%

Shares of SHW opened at $325.16 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The stock has a market capitalization of $80.60 billion, a P/E ratio of 31.72, a PEG ratio of 3.84 and a beta of 1.24. 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 has a fifty day simple moving average of $334.70 and a two-hundred day simple moving average of $344.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion during 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 company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given 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 dividend payout ratio (DPR) is 30.83%.

Sherwin-Williams Company Profile

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.