Maryland State Retirement & Pension System Has $3.89 Million Stock Holdings in The Sherwin-Williams Company $SHW

Maryland State Retirement & Pension System lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,337 shares of the specialty chemicals company’s stock after buying an additional 371 shares during the period. Maryland State Retirement & Pension System’s holdings in Sherwin-Williams were worth $3,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Brighton Jones LLC boosted its position in shares of Sherwin-Williams by 73.6% in 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 during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after buying an additional 137 shares during the period. GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after acquiring an additional 773 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Sherwin-Williams by 100.2% during the first quarter. SG Americas Securities LLC now owns 30,716 shares of the specialty chemicals company’s stock worth $10,726,000 after acquiring an additional 15,370 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of Sherwin-Williams by 5.1% during the first quarter. Focus Financial Network Inc. now owns 3,553 shares of the specialty chemicals company’s stock worth $1,241,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $332.79 on Friday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock’s 50-day moving average is $355.25 and its two-hundred day moving average is $348.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market cap of $82.98 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business earned $3.70 earnings per share. Sherwin-Williams’s quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is presently 31.35%.

Analyst Ratings Changes

Several brokerages recently issued reports on SHW. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Evercore ISI increased 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. Wells Fargo & Company cut their price objective on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Citigroup reiterated a “neutral” rating and set a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $387.93.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.