The Sherwin-Williams Company $SHW Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 216.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 100,725 shares of the specialty chemicals company’s stock after buying an additional 68,915 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sherwin-Williams were worth $34,585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Sherwin-Williams by 1.3% during the first quarter. Allworth Financial LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $1,597,000 after buying an additional 59 shares during the period. Alps Advisors Inc. acquired a new stake in Sherwin-Williams during the first quarter worth approximately $367,000. Ballentine Partners LLC grew its stake in Sherwin-Williams by 26.6% in the 1st quarter. Ballentine Partners LLC now owns 6,368 shares of the specialty chemicals company’s stock worth $2,224,000 after acquiring an additional 1,337 shares during the period. Finally, Kathmere Capital Management LLC raised its holdings in Sherwin-Williams by 18.6% in the 1st quarter. Kathmere Capital Management LLC now owns 2,822 shares of the specialty chemicals company’s stock valued at $985,000 after acquiring an additional 443 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 1.9%

Shares of NYSE:SHW opened at $339.87 on Monday. The stock has a 50-day simple moving average of $345.59 and a 200-day simple moving average of $349.07. The stock has a market capitalization of $84.25 billion, a P/E ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the company posted $3.37 earnings per share. Sherwin-Williams’s revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s 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 transaction, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SHW shares. Evercore ISI raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Citigroup reissued a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.