UNIVEST FINANCIAL Corp Boosts Stock Position in The Sherwin-Williams Company $SHW

UNIVEST FINANCIAL Corp lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,930 shares of the specialty chemicals company’s stock after acquiring an additional 1,515 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Sherwin-Williams were worth $12,441,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHW. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $26,000. Valley National Advisers Inc. boosted 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 increased its stake in shares of 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 valued at $30,000 after purchasing an additional 44 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Sherwin-Williams during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group reissued a “buy” rating and set a $415.00 price target (down previously from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $387.94.

Sherwin-Williams Stock Down 1.6%

Sherwin-Williams stock opened at $350.45 on Friday. The company has a 50-day simple moving average of $335.65 and a 200-day simple moving average of $343.71. The firm has a market capitalization of $86.87 billion, a P/E ratio of 34.19, a P/E/G ratio of 4.40 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. 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 posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The business 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%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.