Holocene Advisors LP Boosts Holdings in The Sherwin-Williams Company $SHW

Holocene Advisors LP boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 36.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 955,814 shares of the specialty chemicals company’s stock after acquiring an additional 257,101 shares during the period. Sherwin-Williams comprises approximately 0.8% of Holocene Advisors LP’s portfolio, making the stock its 22nd largest position. Holocene Advisors LP’s holdings in Sherwin-Williams were worth $328,188,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SHW. MTM Investment Management LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $26,000. Valley National Advisers Inc. grew its position in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings 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 acquiring an additional 44 shares during the period. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $31,000. Finally, Saudi Central Bank purchased a new position in Sherwin-Williams during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $328.64 on Friday. The firm’s fifty day simple moving average is $336.28 and its 200-day simple moving average is $346.13. 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 stock has a market cap of $81.47 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 3.88 and a beta of 1.24. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SHW shares. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Mizuho set a $400.00 target price on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, UBS Group reissued a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.