The Sherwin-Williams Company $SHW Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,243,059 shares of the specialty chemicals company’s stock after selling 26,241 shares during the period. Parnassus Investments LLC’s holdings in Sherwin-Williams were worth $430,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock worth $927,000 after purchasing an additional 33 shares during the period. Empowered Funds LLC raised its position in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares in the last quarter. Woodline Partners LP lifted its stake in Sherwin-Williams by 40.7% in the first quarter. Woodline Partners LP now owns 19,576 shares of the specialty chemicals company’s stock worth $6,836,000 after acquiring an additional 5,661 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth $242,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 3.5%

Shares of SHW stock opened at $352.87 on Friday. The business’s 50 day moving average is $333.17 and its two-hundred day moving average is $343.26. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The company has a market cap of $87.47 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 3.64 and a beta of 1.26. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month 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 analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders 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 was Friday, November 14th. Sherwin-Williams’s payout ratio is currently 30.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHW shares. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their target price for the company from $392.00 to $390.00 in a report on Thursday, December 18th. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Bank of America lowered their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned 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 a consensus target price of $388.88.

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.