The Sherwin-Williams Company $SHW Holdings Decreased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,740 shares of the specialty chemicals company’s stock after selling 3,957 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $28,244,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 246,008 shares during the period. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 1.8% during the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the period. Norges Bank acquired a new stake in Sherwin-Williams in the second quarter worth approximately $1,296,565,000. Finally, JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SHW shares. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday. Vertical Research raised shares of 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. Mizuho reduced their price objective 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. UBS Group reiterated a “buy” rating and issued a $415.00 target price (down from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Finally, Bank of America reduced their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $385.94.

Sherwin-Williams Price Performance

SHW stock opened at $348.19 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The firm has a 50-day moving average of $335.97 and a two-hundred day moving average of $343.71. The firm has a market capitalization of $86.31 billion, a PE ratio of 33.97, a P/E/G ratio of 4.30 and a beta of 1.26. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (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 firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.