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Tag: Sherwin-Williams

  • The Sherwin-Williams Company (NYSE:SHW) Position Increased by Valeo Financial Advisors LLC

    The Sherwin-Williams Company (NYSE:SHW) Position Increased by Valeo Financial Advisors LLC

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    Valeo Financial Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,636 shares of the specialty chemicals company’s stock after acquiring an additional 193 shares during the period. Valeo Financial Advisors LLC’s holdings in Sherwin-Williams were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

    Several other hedge funds and other institutional investors have also modified their holdings of SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,176,356,000. Capital World Investors raised its holdings in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Sherwin-Williams by 8,986.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after buying an additional 528,243 shares in the last quarter. Capital International Investors raised its holdings in Sherwin-Williams by 17.9% during the fourth quarter. Capital International Investors now owns 2,082,971 shares of the specialty chemicals company’s stock valued at $649,706,000 after buying an additional 316,180 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in Sherwin-Williams by 29.7% during the fourth quarter. PineStone Asset Management Inc. now owns 1,195,311 shares of the specialty chemicals company’s stock valued at $372,818,000 after buying an additional 273,539 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

    Sherwin-Williams Stock Performance

    NYSE:SHW opened at $342.71 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average of $314.82 and a 200-day moving average of $317.58. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $356.69. The stock has a market capitalization of $86.89 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.

    Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

    Sherwin-Williams Announces Dividend

    The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

    Analyst Upgrades and Downgrades

    Several equities analysts have weighed in on the company. UBS Group cut their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada raised their target price on Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $355.00.

    Get Our Latest Stock Report on SHW

    Sherwin-Williams Company Profile

    (Free Report)

    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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    Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).

    Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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    ABMN Staff

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  • This Week In Breaking News March 02, 2024

    This Week In Breaking News March 02, 2024

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  • Sherwin-Williams Announces Plan To Phase Out White Paint

    Sherwin-Williams Announces Plan To Phase Out White Paint

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    CLEVELAND—After offering many iterations of the color over its 158 years in business, Sherwin-Williams announced plans Tuesday to phase out all white paint by the end of the month. “We’ve sold a lot of the stuff over the years, but we felt it was time to move on, especially now that so many trendy neutral colors like gray, beige, and taupe are on the scene,” said Marlon Hewes, a representative for the paint manufacturer and retailer, adding that most people who wanted to paint something white had probably already done so by now. “We don’t want to get stuck with a lot of pure white, off-white, eggshell, and alabaster on the shelf, so we figured we ought to quit while we’re ahead. For customers who are dead set on white, though, we’ll still have plenty of yellow, which is pretty close.” At press time, the Biden administration confirmed that due to difficulty obtaining its traditional color during ongoing renovations, the president’s official residence would now be referred to as the Sage Green House.

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  • Spruce Up Your Home With The HGTV Home By Sherwin-Williams 2024 Color Collection

    Spruce Up Your Home With The HGTV Home By Sherwin-Williams 2024 Color Collection

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    Paint is one of the easiest and least expensive ways to revitalize your home. However, it can be difficult to determine which colors are trending – or not – and which are more suitable for certain rooms and areas.

    HGTV Home By Sherwin-Williams just released the 2024 Color Collection of the Year, which includes 10 shades. We chose some of our favorites, and asked Ashley Banbury, color marketing manager at HGTV Home by Sherwin-Williams, for tips on how to make these colors work in your home.

    What’s New in 2024?

    “This year’s Color Collection of the Year, Renewed Comfort, is about bringing comfort into the home through the use of color,” Banbury tells us. “The hues feel dependable and familiar – yet versatile, with the ability to be reshuffled to create the personalized look we desire.”

    “Home interior trends are leaning to be more minimalistic, but not in a stark and sterile way.” In fact, she says color is adding interest and becoming the main accessory. “Meanwhile, furniture and décor layer on visual comfort with interesting shapes like curved features and softened edges.”

    Last year, the Color Collection of the Year was Vintage Homestead, which was heritage and nature inspired, and brought traditional shades together in a romantic way. “We are transitioning into a time where the home has become a way for personal expression, bringing in shades that are unexpected and comforting.” And Banbury says the Renewed Comfort Color Collection creates a perfect balance of colorful neutral with energetic bights. “The combination of hues and the ability to mix and match the shades is the perfect way to refresh and update a space to feel comfortable and uplifting.”

    Using the Colors in a Living Room

    “Our 2024 Color of the Year, Persimmon, is a perfect color to refresh your home,” Banbury says. When used in a space like a living room where you spend time with friends and family and entertain, she says this energetic shade promotes conversation and fun. “Layer with soft furnishings and neutrals to bring in comfort and to create balance.”

    Using the Colors in a Kid’s Bedroom

    “Have fun with patterns and shapes to make a kid’s room both playful and comfortable,” Banbury says. “Blues like Waterloo are comfortable and soothing, perfect to create and embrace a restful night’s sleep.” She notes that paint is a perfect way to add a personal touch. “And what better location than the 5th wall, the ceiling – it not only feels one of a kind, but it draws your eyes up, embracing the height of the room.”

    Using the Colors in a Laundry Room

    “What better way to brighten up a forgotten space like the laundry room than an uplifting shade like Friendly Yellow,” Banbury says. “This shade is soft, embracing sunlight to make the room inviting.” She also recommends softening the space with rugs and textured window treatments to create a room that feels comfortable and beautiful.

    Using the Colors on a Home’s Exterior

    Painting your home’s exterior is one of the best ways to boost your home’s curb appeal. “Traditional meets fun on the exterior of your home with an all-over home color like Pearly White,” Banbury says. “Then highlight charming details like columns and window mullions with Cyberspace for a look that is timeless.” And since the front porch has become the extension of the home, she says the front door is the perfect place for some personal style – and an opportunity to play with color. “Select a fun shade like Persimmon for a new take on tradition.”

    Using the Colors in a Bathroom

    In the bathroom, the Renewed Comfort design swaps out sharp angles for curves. “Traditional gold tones complement tan and white neutrals in quietly colorful contours,” Banbury says. Softer Tan provides a backdrop for a soothing spa-inspired bathroom.

    Using the Colors in a Home Office/Library

    Oakmoss is another 2024 Color of the Year in the Renewed Comfort Color Collection. It has a cool undertone and Banbury says it works well as a backdrop color in your home office or library. Then, bring in neutral elements to add contrast.

    Using the Colors in a Bedroom

    “This year, we’re returning to the theme of the bedroom as a cocoon,” Banbury explains. “Utaupeia is a warm brown that invites you to unwind and relax.” One way to combine this color is with plush, upholstered elements and gently-curved accessories.

    Using the Colors to Create an Entertaining Space

    If you like dark, moody colors, Dark Auburn is another one of the Renewed Comfort 2024 Colors of the Year. It’s in the purple family and has a warm undertone, creating a rich burgundy look. “Add a cool gray and some punches of color to create a welcoming place for friends and family members to gather,” Banbury says.

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    Terri Williams, Contributor

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