Lighthouse Investment Partners LLC and several other firms have recently acquired new stakes in
The Sherwin-Williams Company (NYSE:SHW). This has led to a noteworthy increase in the company's share prices, with a
12% growth over the past six months, attributed to its favorable second quarter financial results for
2024, prompting the stock to hit an all-time high of
$382.97. Notwithstanding, institutional ownership of SHW shares remains at
81%, indicating heavy dominance. Their victory streak is expected to continue, owing to their Q2 Earnings topping estimates, while modest reductions were noted by Axa S.A, Toronto Dominion Bank, and SEI Investments in their SHW holdings.
Jim Cramer warned that despite this good run, the stock may be due for a pullback. Meanwhile, Sherwin-Williams prevails a strong contender for long-term growth, as suggested by its history of solid returns measuring up to
117% over the past five years. The paint manufacturer has also announced an increased dividend of
$0.715 per share and successfully secured a
$2.5 Billion credit facility. The company's financial community presentation is slated for
August 29, 2024. Alerts have been raised concerning Sherwin-Williams' recent issues with earnings tuning and certain key metrics; however, the firm confidently raised its profit forecast for 2024.
Sherwin-Williams SHW News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sun, 29 Sep 2024 14:03:32 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor 6
