Profund Advisors LLC Lowers Holdings in The Sherwin-Williams Company $SHW

Profund Advisors LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,059 shares of the specialty chemicals company’s stock after selling 518 shares during the quarter. Profund Advisors LLC’s holdings in Sherwin-Williams were worth $2,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SHW. Moors & Cabot Inc. grew its position in shares of Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after purchasing an additional 39 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after acquiring an additional 38,228 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the 1st quarter valued at $515,000. Moody Lynn & Lieberson LLC boosted its stake in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after purchasing an additional 11,828 shares during the last quarter. Finally, Lindenwold Advisors INC purchased a new stake in shares of Sherwin-Williams during the second quarter worth $1,303,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $339.87 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm’s 50 day moving average is $345.59 and its two-hundred day moving average is $349.07. The firm has a market capitalization of $84.25 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS 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 business 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 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SHW shares. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI raised their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Bank of America cut their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $390.87.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams 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.