Wambolt & Associates LLC Reduces Holdings in The Sherwin-Williams Company $SHW

Wambolt & Associates LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 17.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 729 shares of the specialty chemicals company’s stock after selling 159 shares during the period. Wambolt & Associates LLC’s holdings in Sherwin-Williams were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after buying an additional 246,008 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after acquiring an additional 1,505,341 shares during the last quarter. Geode Capital Management LLC lifted its position in Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after acquiring an additional 90,482 shares during the period. Alliancebernstein L.P. grew its stake in Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after purchasing an additional 553,275 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $343.48 on Thursday. The company has a market capitalization of $85.15 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company’s fifty day moving average price is $338.82 and its 200 day moving average price is $347.96. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the company earned $3.37 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders 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 of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Mizuho set a $400.00 target price on Sherwin-Williams in a research report on Wednesday, October 29th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. UBS Group reissued a “buy” rating and set a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Citigroup restated a “neutral” rating and set a $392.00 target price (up from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

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.