The Sherwin-Williams Company $SHW Holdings Boosted by GFI Investment Counsel Ltd.

Key Points

• GFI Investment Counsel Ltd. increased its holdings in The Sherwin-Williams Company by 0.8%, now owning approximately 187,957 shares worth $65.6 million, representing 7.6% of its portfolio.
• Several institutional investors significantly boosted their positions in Sherwin-Williams, with GAMMA Investing LLC increasing holdings by over 41,000% this quarter.
• Sherwin-Williams reported a quarterly EPS of $3.38, missing estimates by $0.38, while maintaining a market cap of $91.49 billion and announcing a quarterly dividend of $0.79 per share.

GFI Investment Counsel Ltd. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,957 shares of the specialty chemicals company's stock after buying an additional 1,406 shares during the period. Sherwin-Williams accounts for approximately 7.6% of GFI Investment Counsel Ltd.'s portfolio, making the stock its 7th biggest holding. GFI Investment Counsel Ltd. owned about 0.08% of Sherwin-Williams worth $65,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the period. Nuveen LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $265,510,000. Northern Trust Corp boosted its stake in shares of Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after acquiring an additional 595,586 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Sherwin-Williams by 223.1% in the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock worth $214,883,000 after acquiring an additional 424,930 shares during the period. Finally, Wellington Management Group LLP increased its stake in Sherwin-Williams by 45.0% in the 1st quarter. Wellington Management Group LLP now owns 1,163,880 shares of the specialty chemicals company's stock valued at $406,415,000 after purchasing an additional 361,113 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $366.9450 on Thursday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a market cap of $91.49 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 3.06 and a beta of 1.16. The stock has a 50 day moving average of $346.35 and a 200-day moving average of $348.06.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business earned $3.70 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SHW shares. UBS Group lowered their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Mizuho decreased their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $388.60.

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.

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