The Sherwin-Williams Company $SHW Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,106 shares of the specialty chemicals company’s stock after selling 12,798 shares during the quarter. Manning & Napier Advisors LLC owned about 0.08% of Sherwin-Williams worth $67,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at about $26,000. Valley National Advisers Inc. lifted its position in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC acquired a new position in Sherwin-Williams during the 2nd quarter worth approximately $36,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their price target for the company from $392.00 to $390.00 in a report on Thursday, December 18th. UBS Group reissued a “buy” rating and issued a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a report on Monday. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Bank of America cut their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $388.44.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $356.17 on Wednesday. The firm has a market capitalization of $88.29 billion, a PE ratio of 34.75, a P/E/G ratio of 4.41 and a beta of 1.26. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The firm’s 50-day simple moving average is $333.66 and its 200 day simple moving average is $343.42. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last posted 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. 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 during the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the firm posted $3.37 EPS. 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, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams Company Profile

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.