SG Americas Securities LLC Reduces Stake in The Sherwin-Williams Company $SHW

SG Americas Securities LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 76.9% in the third quarter, Holdings Channel reports. The fund owned 12,592 shares of the specialty chemicals company’s stock after selling 41,832 shares during the period. SG Americas Securities LLC’s holdings in Sherwin-Williams were worth $4,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC increased its position in Sherwin-Williams by 3.0% during the third quarter. HB Wealth Management LLC now owns 34,079 shares of the specialty chemicals company’s stock worth $11,800,000 after purchasing an additional 993 shares during the last quarter. Spire Wealth Management grew its stake in shares of Sherwin-Williams by 28.6% in the 3rd quarter. Spire Wealth Management now owns 3,916 shares of the specialty chemicals company’s stock valued at $1,356,000 after buying an additional 870 shares during the period. Childress Capital Advisors LLC increased its holdings in shares of Sherwin-Williams by 37.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 1,357 shares of the specialty chemicals company’s stock worth $470,000 after buying an additional 373 shares during the last quarter. Asset Advisors Investment Management LLC raised its position in shares of Sherwin-Williams by 0.6% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 27,724 shares of the specialty chemicals company’s stock valued at $9,600,000 after buying an additional 171 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its holdings in Sherwin-Williams by 0.7% in the third quarter. KLP Kapitalforvaltning AS now owns 115,082 shares of the specialty chemicals company’s stock valued at $39,848,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America cut 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. 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 report on Wednesday, October 29th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their price target for the company from $392.00 to $390.00 in a research report on Thursday, December 18th. Finally, Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $388.88.

Sherwin-Williams Stock Performance

NYSE 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 company has a market cap of $87.47 billion, a P/E ratio of 34.43, a P/E/G ratio of 4.36 and a beta of 1.26. The stock has a 50-day moving average of $333.17 and a two-hundred day 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.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS 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 paid a $0.79 dividend. The ex-dividend date was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is 30.83%.

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.