Tacita Capital Inc Purchases 50 Shares of The Sherwin-Williams Company (NYSE:SHW)

11 Nov 2024, 10:49 by Jessica Moore · The Cerbat Gem

Tacita Capital Inc grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210 shares of the specialty chemicals company’s stock after acquiring an additional 50 shares during the quarter. Tacita Capital Inc’s holdings in Sherwin-Williams were worth $80,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after purchasing an additional 184,979 shares during the period. Capital International Investors lifted its holdings in Sherwin-Williams by 10.5% in the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after buying an additional 219,149 shares during the period. Legal & General Group Plc grew its position in shares of Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after buying an additional 53,487 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after acquiring an additional 238,031 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHW shares. Evercore ISI lifted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays upped their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $396.47.

Get Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Performance

NYSE:SHW traded up $2.27 on Monday, hitting $388.94. The stock had a trading volume of 96,799 shares, compared to its average volume of 1,635,190. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market cap of $97.95 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The business’s 50-day simple moving average is $374.21 and its two-hundred day simple moving average is $339.39. The Sherwin-Williams Company has a 52-week low of $252.75 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

About Sherwin-Williams

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