Gulf International Bank UK Ltd among others have increased their stake in
Sherwin-Williams. The company received a
Moderate Buy consensus from analysts and has shown promising returns on capital. Despite the stock sinking with market gains, more of it has been bought by
Massmutual Trust Co. Institution are dominant owners, holding 79% of Sherwin-Williams. The company reported its 2024 first quarter financial results and is slated to post its Q2 earnings.
GAMMA Investing LLC also raised their stake, but some like
Fisher Asset Management LLC have sold their shares, despite the company's stocks being upgraded to buy. Sherwin-Williams has seen an 18% stock rise over 3 months and despite missing Q1 earnings and revenue estimates, it remains a strong growth stock. The company has increased its dividend to $0.715 clearly indicating its growth. Though the Q4 earnings reported a dip, Sherwin-Williams reported record sales in 2023, expected to decline more in Q4 earnings. The company was found to have a healthy balance sheet and commands a substantial portion of institutional investments. The results of Q4 earnings, reported a miss in key metrics and Sherwin-Williams' Q1 2024 earnings call transcript showed a miss of expectations. Despite these results, analysts foresee a bright future for the company.
Sherwin-Williams SHW News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 12:31:02 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -4
