The Sherwin-Williams Company (NYSE:SHW) Stake Raised by Scotia Capital Inc.

11 Apr 2025, 11:48 by Amy Steele · The Cerbat Gem

Scotia Capital Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 44,022 shares of the specialty chemicals company’s stock after purchasing an additional 4,629 shares during the period. Scotia Capital Inc.’s holdings in Sherwin-Williams were worth $14,966,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SHW. Phoenix Financial Ltd. boosted its holdings in shares of Sherwin-Williams by 556.8% during the fourth quarter. Phoenix Financial Ltd. now owns 4,151 shares of the specialty chemicals company’s stock worth $1,411,000 after purchasing an additional 3,519 shares during the period. CenterBook Partners LP increased its stake in Sherwin-Williams by 55.4% in the 4th quarter. CenterBook Partners LP now owns 15,015 shares of the specialty chemicals company’s stock valued at $5,104,000 after buying an additional 5,352 shares during the period. DRW Securities LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $695,000. TRUE Private Wealth Advisors acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $428,000. Finally, Pinnacle Holdings LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $2,665,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $329.87 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $82.97 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.98 and a beta of 1.26. The business’s 50 day moving average is $347.88 and its two-hundred day moving average is $360.67. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the business earned $1.81 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.96%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SHW. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. UBS Group decreased their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday. Finally, Morgan Stanley cut their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $393.31.

Get Our Latest Stock Report on Sherwin-Williams

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

(Free Report)