TD Asset Management Inc Has $74.70 Million Holdings in The Sherwin-Williams Company $SHW

TD Asset Management Inc grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the 2nd quarter, Holdings Channel reports. The firm owned 217,553 shares of the specialty chemicals company’s stock after acquiring an additional 454 shares during the quarter. TD Asset Management Inc’s holdings in Sherwin-Williams were worth $74,699,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SHW. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares during the last quarter. Valley National Advisers Inc. grew its holdings in 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 period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $30,000. Saudi Central Bank bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $33,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW opened at $332.81 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a fifty day simple moving average of $354.01 and a 200 day simple moving average of $348.20. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a market cap of $82.98 billion, a P/E ratio of 33.02, a PEG ratio of 2.78 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating and set a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Wells Fargo & Company set a $395.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a report on Friday, October 10th. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Bank of America dropped their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.