Fort Washington Investment Advisors Inc. OH Purchases New Shares in The Sherwin-Williams Company $SHW

Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, HoldingsChannel reports. The firm acquired 147,559 shares of the specialty chemicals company’s stock, valued at approximately $51,094,000.

A number of other hedge funds have also recently bought and sold shares of SHW. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at about $26,000. Valley National Advisers Inc. grew its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at about $31,000. Finally, Saudi Central Bank bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $392.00 to $390.00 in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $390.07.

Sherwin-Williams Stock Down 0.0%

Shares of NYSE SHW opened at $325.31 on Tuesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. 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 business’s fifty day moving average price is $334.48 and its 200-day moving average price is $343.46. The stock has a market capitalization of $80.64 billion, a PE ratio of 31.74, a P/E/G ratio of 3.84 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter 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 anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is 30.83%.

Sherwin-Williams 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.