Curi RMB Capital LLC Has $339,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

17 Nov 2024, 04:46 by Jessica Moore · The Cerbat Gem

Curi RMB Capital LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 23.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 889 shares of the specialty chemicals company’s stock after selling 275 shares during the period. Curi RMB Capital LLC’s holdings in Sherwin-Williams were worth $339,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation N.A. boosted its position in shares of Sherwin-Williams by 9.3% during the third quarter. Zions Bancorporation N.A. now owns 11,740 shares of the specialty chemicals company’s stock worth $4,481,000 after purchasing an additional 1,001 shares in the last quarter. KBC Group NV raised its stake in Sherwin-Williams by 218.8% during the 3rd quarter. KBC Group NV now owns 127,010 shares of the specialty chemicals company’s stock worth $48,476,000 after buying an additional 87,168 shares during the period. Huntington National Bank lifted its holdings in Sherwin-Williams by 19.7% during the third quarter. Huntington National Bank now owns 152,344 shares of the specialty chemicals company’s stock worth $58,145,000 after acquiring an additional 25,037 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Sherwin-Williams by 61.6% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 65,039 shares of the specialty chemicals company’s stock valued at $24,823,000 after acquiring an additional 24,794 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Sherwin-Williams by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 8,629 shares of the specialty chemicals company’s stock worth $3,293,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $396.47.

Read Our Latest Report on Sherwin-Williams

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 18.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $378.99 on Friday. The firm’s fifty day moving average price is $376.42 and its two-hundred day moving average price is $341.69. The Sherwin-Williams Company has a 1 year low of $264.54 and a 1 year high of $392.57. The firm has a market capitalization of $95.45 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the company posted $3.20 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 28.49%.

Sherwin-Williams Profile

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