Ritholtz Wealth Management Sells 2,022 Shares of The Sherwin-Williams Company $SHW

Ritholtz Wealth Management lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 17.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,764 shares of the specialty chemicals company’s stock after selling 2,022 shares during the quarter. Ritholtz Wealth Management’s holdings in Sherwin-Williams were worth $3,381,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target 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. Finally, Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $388.44.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $358.04 on Friday. The company’s fifty day moving average price is $334.83 and its 200-day moving average price is $343.69. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The firm has a market capitalization of $88.75 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 4.39 and a beta of 1.26. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the business earned $3.37 earnings per share. The firm’s quarterly 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. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued 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 of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

About Sherwin-Williams

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.