New York State Teachers Retirement System Sells 1,530 Shares of The Sherwin-Williams Company $SHW

New York State Teachers Retirement System trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,841 shares of the specialty chemicals company’s stock after selling 1,530 shares during the period. New York State Teachers Retirement System’s holdings in Sherwin-Williams were worth $62,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Investment Counsel Inc. increased its holdings in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares during the last quarter. Cordatus Wealth Management LLC grew its position in shares of Sherwin-Williams by 149.4% in the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after acquiring an additional 5,744 shares during the period. Moody Lynn & Lieberson LLC increased its stake in shares of Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after purchasing an additional 11,828 shares during the last quarter. Lindenwold Advisors INC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $1,303,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW opened at $352.87 on Monday. 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 fifty day simple moving average of $333.17 and a 200 day simple moving average of $343.24. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The company has a market capitalization of $87.47 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.36 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $0.79 dividend. 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 0.9%. Sherwin-Williams’s payout ratio is currently 30.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHW. UBS Group reiterated a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $388.88.

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.