Wallace Advisory Group LLC Sells 3,949 Shares of The Sherwin-Williams Company $SHW

Wallace Advisory Group LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 83.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 796 shares of the specialty chemicals company’s stock after selling 3,949 shares during the quarter. Wallace Advisory Group LLC’s holdings in Sherwin-Williams were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MTM Investment Management LLC bought a new position in Sherwin-Williams in the 2nd quarter valued at approximately $26,000. Valley National Advisers Inc. grew its stake 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 buying 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% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at $33,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $325.16 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The company has a fifty day simple moving average of $334.70 and a 200 day simple moving average of $344.11. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a market cap of $80.60 billion, a P/E ratio of 31.72, a PEG ratio of 3.84 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last issued 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 return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the company posted $3.37 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. 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 fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHW. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their target price for the stock 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 report on Wednesday, October 29th. Bank of America lowered their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $390.07.

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.