Tema Etfs LLC Has $2.82 Million Stock Position in The Sherwin-Williams Company $SHW

Tema Etfs LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 68.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,138 shares of the specialty chemicals company’s stock after buying an additional 3,293 shares during the period. Tema Etfs LLC’s holdings in Sherwin-Williams were worth $2,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Johnson Investment Counsel Inc. raised its position in Sherwin-Williams by 95.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the last quarter. Cordatus Wealth Management LLC raised its holdings in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 5,744 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its position in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after purchasing an additional 11,828 shares in the last quarter. Lindenwold Advisors INC purchased a new position in Sherwin-Williams during the second quarter worth about $1,303,000. Finally, Vanguard Group Inc. grew its position in Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 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 $357.65 on Tuesday. The business’s fifty day moving average is $333.41 and its 200 day moving average is $343.35. The company has a market capitalization of $88.66 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 4.36 and a beta of 1.26. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHW. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $392.00 to $390.00 in a report on Thursday, December 18th. Bank of America lowered their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $388.44.

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.