ProShare Advisors LLC Boosts Stock Position in The Sherwin-Williams Company $SHW

ProShare Advisors LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 629,996 shares of the specialty chemicals company’s stock after acquiring an additional 4,131 shares during the quarter. ProShare Advisors LLC owned 0.25% of Sherwin-Williams worth $216,315,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares during the period. Nuveen LLC purchased a new position in Sherwin-Williams in the 1st quarter valued at about $265,510,000. Assenagon Asset Management S.A. increased its stake in Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after buying an additional 719,965 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Sherwin-Williams by 4,029.8% in the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after acquiring an additional 606,482 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock worth $214,883,000 after purchasing an additional 424,930 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $339.87 on Monday. The business’s fifty day moving average price is $345.59 and its 200 day moving average price is $349.07. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $84.25 billion, a PE ratio of 33.16, a P/E/G ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate 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%.Sherwin-Williams’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased 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. Mizuho set a $400.00 price target on Sherwin-Williams in a report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating and set a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. One equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $390.87.

About Sherwin-Williams

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.