Calamos Advisors LLC Raises Stock Holdings in The Sherwin-Williams Company $SHW

Calamos Advisors LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 21.4% during the third quarter, HoldingsChannel reports. The firm owned 171,406 shares of the specialty chemicals company’s stock after buying an additional 30,207 shares during the period. Calamos Advisors LLC’s holdings in Sherwin-Williams were worth $59,351,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $26,000. Valley National Advisers Inc. lifted its holdings in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position 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 worth $30,000 after acquiring an additional 44 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Sherwin-Williams in the second quarter valued at $31,000. Finally, Flaharty Asset Management LLC bought a new position in Sherwin-Williams in the first quarter valued at $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Up 0.3%

Shares of NYSE SHW opened at $326.34 on Wednesday. The firm’s fifty day moving average is $334.23 and its 200 day moving average is $343.39. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 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 company has a market cap of $80.90 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.84 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (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 analyst estimates of $6.21 billion. During the same quarter last year, the firm earned $3.37 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday. UBS Group reissued a “buy” rating and set a $422.00 price target (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 objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.