Barclays PLC increased its holdings in The Sherwin-Williams Company (NYSE: SHW), as stated in the company’s most recent filing with the Securities and Exchange Commission, which was submitted by the business during the third quarter. The fund ended up with a total of 973,084 shares in the specialty chemicals company after making additional purchases of 87,550 shares throughout the period. According to the most recent report that Barclays PLC filed with the SEC, the company owned approximately 0.38% of Sherwin-Williams, which had a value of approximately $199,237,000 at the time of the filing.
Other institutional investors have bought and sold company shares before and after the initial public offering. This activity occurred both before and after the IPO. Roundview Capital LLC increased the amount of Sherwin-Williams stock owned by 8.1% during the first three months of the year. Following the purchase of 607 additional shares during the most recent fiscal quarter, Roundview Capital LLC now has 8,065 shares of the specialty chemicals company’s stock, which has a value of $2,013,000. This brings the total number of shares owned by the company to 8,065. The amount of stock in Sherwin-Williams held by Cibc World Market Inc. increased by 189.1% during the year’s first three months. After purchasing an additional 6,808 shares during the most recent quarter, Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock, which has a value of $2,598,000. This brings the total value of the company’s holdings to $2,598,000. A 26.5% increase in Sei Investments Co.’s ownership stake in Sherwin-Williams was accomplished during the first three months of this year. After completing additional purchases that added up to 24,884 shares over the preceding three months, Sei Investments Company now holds a total of 118,763 shares of the specialty chemicals company’s stock. The current market value of these shares is $29,956,000. During the first three months of the year, Prudential PLC increased its holdings in Sherwin-Williams by making additional investments, bringing the total value of those holdings to approximately 1,231,000 dollars. And finally, during the first three months of this year, Cetera Investment Advisers made a 2.6% increase in the amount of Sherwin-Williams stock that it owned, bringing its total percentage of ownership to 80%. The most recent fiscal quarter saw Cetera Investment Advisers acquire an additional 287 shares, bringing the total number of shares directly owned by the company in the specialty chemicals company to 11,387, with a value of $2,842,000. Institutional investors and hedge funds collectively own 76.03% of the total number of shares in the company, making them the company’s largest shareholders.
On Wednesday, only 22,597 shares of SHW stock were traded during trading hours, which is a significantly lower volume than the typical daily volume of 1,145,356 shares. The cost of one share of SHW rose by $0.83 to a price of $248.63 per share. Over the past 52 weeks, the share price of The Sherwin-Williams Company has moved in a range that has spanned from a low of $195.24 to a high of $309.20. The stock has had a moving average price of $234.75 over the past 200 days, while the moving average price over the last 50 days has been $243.26. One is the value of the current ratio, 0.59 is the value of the quick ratio, and 3.69 is the value of the debt-to-equity ratio. The company’s ratio of price to earnings to growth is currently 1.93; its beta value is 1.08; and its market capitalization is 64.43 billion dollars.
Tuesday, October 25, was the day that Sherwin-Williams (NYSE: SHW) released its most recent earnings report. The company specializing in specialty chemicals reported earnings of $2.83 per share for its most recent quarterly report, which is $0.23 higher than the consensus estimate of $2.60 per share. Sherwin-Williams had a return on equity of 90.50 percent, and the company’s net margin was 8.94 percent. The company’s most recent quarter’s sales came in at $6.05 billion, which is significantly higher than the predictions made by analysts, which were only $5.78 billion. The company had a net income of $2.09 per share during the same period the year before. Compared to the same period the year before, Sherwin-Williams saw a 17.5% increase in sales. The projections made by market analysts indicate that during the current fiscal year, each share of stock in the Sherwin-Williams Company should generate an income of $8.71.
In recent weeks, several research analysts’ opinions have been voiced regarding the SHW stock.
Wells Fargo & Company rated Sherwin-Williams as an “equal weight” business in a research report made available to the public on Monday, January 9. Additionally, the firm decreased its price objective for the company from $230.00 to $220.00. Both of these changes took place on the same day. The shares of Sherwin-Williams Company have been given a “buy” rating by Deutsche Bank Aktiengesellschaft, which also provided a price target of $275.00. However, the company revised both of those projections downward to $265.00 in a research note that was made public on October 26. UBS Group gave Sherwin-Williams a “buy” rating in a research note published on January 11 and distributed by the company.
Additionally, the company increased its price objective for the stock from $242.00 to $255.00. The Credit Suisse Group stated in a report published on October 27 that they were decreasing their price objective on Sherwin-Williams to $210.00. And finally, in a research note published on January 12, Mizuho upgraded their “buy” rating on Sherwin-Williams and raised their price objective on the stock from $264.00 to $267.00. Both of these changes were made to the company’s stock. There has been one research analyst who suggested selling the stock, six research analysts who gave the stock a rating of “hold,” and eleven research analysts who gave the stock a rating of “buy.” The average recommendation from the website Bloomberg.com for the company is “Moderate Buy,” The website’s average price target for the stock is $266.22 per share.
Sherwin-Williams is the company responsible for developing paints, coatings, and other associated materials, in addition to manufacturing, distribution, and retail sale of these products to consumers, businesses, and professionals. The Americas Group, the Consumer Brands Group, and the Performance Coatings Group are the names given to the company’s three distinct operational divisions. Purchases of architectural paints and coatings, protection and marine goods, OEM product finishes, and connected materials can be made through the Americas Group business by architectural and industrial paint contractors and homeowners who perform their home improvement projects. These buyers include homeowners who perform their home improvement projects.