On Saturday, November 29, 2025, U.S. markets were closed, but The Sherwin-Williams Company (NYSE: SHW) stayed busy in the news cycle. A flurry of institutional ownership filings, fresh price-target roundups, and ongoing valuation debates gave investors new data points to digest as the paint-and-coatings giant heads into December.
Below is a detailed, Google News–friendly rundown of the key developments around Sherwin-Williams stock, with a focus on news dated or updated on 29.11.2025 and the surrounding days.
Sherwin-Williams stock at a glance heading into December 2025
Sherwin-Williams last traded in regular hours on Friday, November 28, 2025, closing around $343 per share, leaving the stock roughly 14% below its 52‑week high near $400 and about 11% above its 52‑week low around $309. [1]
MarketBeat and related data sources put Sherwin-Williams at roughly: [2]
- Market cap: about $85 billion
- P/E ratio: ~33–34x forward earnings
- PEG ratio: ~3.3x
- Beta: ~1.2, slightly more volatile than the broader market
- Balance-sheet metrics:
- Debt-to-equity ratio around 2.1 (fairly leveraged)
- Current ratio 0.82, quick ratio 0.48
Performance-wise, a recent comparison of Sherwin-Williams versus peer International Flavors & Fragrances shows: [3]
- YTD return: roughly +2% for SHW
- 1-year return: about ‑12%
- 10‑year annualized return: ~15% per year, highlighting strong long-term compounding despite a softer recent year
In other words, Sherwin-Williams today looks like a high-quality, high-valuation compounder that has cooled off from its peak, but still commands a premium multiple.
What actually happened on November 29, 2025?
Even though trading was shut for the weekend, November 29 brought a wave of 13F‑driven headlines highlighting how big money has been repositioning in Sherwin-Williams. Multiple institutional investors disclosed increased stakes in SHW, while one smaller manager significantly trimmed its holdings.
1. Skandinaviska Enskilda Banken AB publ builds a $53 million stake
Swedish bank Skandinaviska Enskilda Banken AB publ disclosed that it boosted its position by 161.6% in Q2, bringing its holdings to 154,754 SHW shares worth about $53.14 million, or roughly 0.06% of the company. [4]
Key points from that filing:
- The bank added 95,600 shares during the quarter.
- The article reiterates Sherwin-Williams’ Q3 earnings beat (EPS $3.59 vs. $3.44 expected, revenue $6.36 billion vs. $6.21 billion consensus). [5]
- It highlights a consensus “Moderate Buy” rating with an average price target around $390.87. [6]
For investors, a six‑figure share count from a major Nordic bank is a strong vote of confidence in the company’s long-term prospects, even at elevated valuations.
2. Florida Retirement System nudges its stake higher
The State Board of Administration of Florida Retirement System — a major U.S. public pension manager — reported that it raised its Sherwin-Williams stake by 1.3% in Q2. [7]
Highlights:
- New holdings: 227,754 shares, worth about $78.2 million, representing roughly 0.09% of the company.
- The article again cites the Q3 beat and 2025 EPS guidance of $11.25–$11.45, versus analyst expectations around $12 per share. [8]
- Institutional investors and hedge funds collectively own about 77.7% of SHW shares. [9]
This incremental increase signals continued institutional conviction from one of the largest U.S. retirement systems.
3. Scotia Capital buys 8,774 shares
Scotia Capital Inc. disclosed that it raised its Sherwin-Williams holdings by 13.9% in Q2, purchasing 8,774 additional shares. [10]
Key data from the filing:
- New total position: 71,695 SHW shares, valued at about $24.62 million.
- The firm’s note echoes the earnings beat and 2025 EPS guidance, and again references an average analyst target price near $390.87 and a quarterly dividend of $0.79 (roughly 0.9% yield at recent prices). [11]
4. Quadrant Capital Group lifts its position nearly 30%
Smaller but still notable, Quadrant Capital Group LLC reported increasing its SHW holdings by 29.2% in Q2, bringing its stake to 6,035 shares valued at around $2.07 million. [12]
The accompanying analysis paints a similar picture:
- The article underscores SHW’s mid‑$300s share price, ~$85B market cap, and P/E ~33.5x. [13]
- It highlights the $0.79 quarterly dividend, annualized at $3.16.
While modest in absolute size, this move adds to the pattern of net institutional buying.
5. Bank of Nova Scotia Trust Co. increases its stake
Another Canadian institution, Bank of Nova Scotia Trust Co., disclosed a 17.2% increase in its Sherwin-Williams stake during Q2. [14]
- New holdings: 6,935 shares, worth about $2.38 million.
- The article again cites SHW’s Q3 beat, guidance, dividend, and average target price, along with the figure that institutional holders control about 77.67% of the float. [15]
6. Financial Advocates Investment Management trims its position
Not every manager was adding. Financial Advocates Investment Management revealed it cut its SHW stake by 40.9% in Q2, selling 780 shares and leaving 1,129 shares worth roughly $388,000. [16]
The article frames this move against the same backdrop: strong Q3 results, moderate‑buy Street consensus, and a relatively low dividend yield compared with other income names.
The big picture from November 29’s 13F‑driven news
Taken together, the November 29 filings tell a clear story:
- Net institutional flows are positive. Several large banks and a major public pension fund increased positions, while just one smaller manager reported a sizable reduction. [17]
- Institutional ownership is high, at nearly 78% of outstanding shares, underscoring Sherwin-Williams’ status as a core holding for many professional portfolios. [18]
For long-term investors, this weekend data dump is more about who owns the stock and how that is shifting than about day‑to‑day price moves.
Analyst sentiment: “Moderate Buy” with double‑digit upside into 2026
Freshly updated on November 29, 2025, TickerNerd’s consolidated analyst dashboard pulls together 29 Wall Street ratings: [19]
- 15 Buy, 11 Hold, 1 Sell
- Overall stance: Bullish
- Median 12‑month price target:$400.00
- Target range:$261–$422
- Implied upside from ~$343: roughly +16%
Some recent individual price targets include: [20]
- UBS: $422 (Buy)
- Wells Fargo: $410 (Overweight)
- Royal Bank of Canada: $405 (Outperform)
- Citigroup: $392 (Neutral)
In plain English: the Street broadly likes Sherwin-Williams, sees mid-teens upside over the next 12 months, but acknowledges valuation risk (hence the sizable Hold count and a lone Sell).
Valuation debate: premium paint, premium multiple
Not everyone thinks that upside is justified.
A detailed piece from Simply Wall St, published on November 28, 2025, concludes that Sherwin-Williams looks overvalued on several fundamental metrics: [21]
- Their Dividend Discount Model (DDM) estimates intrinsic value at just $75.27 per share, implying SHW is about 356% overvalued versus the current price in the mid‑$300s.
- They note annual dividends of about $3.45 per share, a payout ratio around 27%, and a projected long‑term dividend growth rate of 3.26% — healthy growth, but not enough to justify the current price on a pure income basis.
- On an earnings multiple basis, they estimate SHW’s P/E at ~32.9x, versus about 22.8x for the broader Chemicals industry, and a “Fair Ratio” (their adjusted P/E) of 24.2x — again, suggesting a rich premium.
In contrast, many Street analysts argue that Sherwin-Williams deserves this premium thanks to:
- Its strong brand and moat in professional paint channels
- Long-term earnings growth, powered by housing, renovation and industrial demand
- High historical returns on equity (ROE north of 60% in recent quarters) [22]
The core tension for investors is whether SHW’s quality and growth justify paying a 30+ multiple on earnings in a macro environment still wrestling with interest rates, housing affordability, and cyclical building activity.
Fundamentals: earnings beat, dividend, leverage and recent corporate moves
Q3 2025 results: another beat
Sherwin-Williams’ latest quarterly results, released on October 28, 2025, were solid: [23]
- EPS:$3.59, beating consensus of $3.44
- Revenue:$6.36 billion, ahead of estimates around $6.21 billion
- Revenue growth: roughly +3.2% year over year
- Guidance: full‑year 2025 EPS $11.25–$11.45, versus Street expectations near $12
Reuters highlighted that the beat was largely driven by strong demand in professional paint and coatings as housing and renovation spending slowly firmed up. [24]
Dividend: small yield, solid history
Sherwin-Williams recently declared a quarterly dividend of $0.79, payable December 5, 2025, to shareholders of record as of November 14 (ex‑dividend date also November 14). [25]
At recent prices, that:
- Annualizes to $3.16 per share
- Implies a forward yield around 0.8–0.9%, below many dividend-focused peers
- Comes with a payout ratio around 30–31%, leaving significant room for reinvestment
Different dividend-data providers put Sherwin-Williams’ trailing‑12‑month yield between roughly 0.7% and 0.9%, with an average yield of about 0.9% over the last five years. [26]
Balance sheet and credit facility
Sherwin-Williams does run with higher leverage than many conservative investors might prefer, with a debt-to-equity ratio over 2x. [27]
To support its capital needs, the company recently extended the maturity of its credit agreement to 2030, according to Gurufocus‑tracked news from November 2025. [28] This kind of extension typically reduces near‑term refinancing risk but can lock in higher interest costs if rates stay elevated.
Leadership change: new CFO for 2026
Another notable recent corporate update: Sherwin-Williams’ Board elected Benjamin E. Meisenzahl as Chief Financial Officer, effective January 1, 2026, according to PRNewswire‑linked reports aggregated by Gurufocus. [29]
For investors, a CFO transition is worth tracking — especially at a highly valued, highly leveraged company where capital allocation and cost control are crucial.
Long-term track record: $100 ten years ago
A piece from Benzinga Insights, dated November 28, 2025, underscores just how powerful Sherwin-Williams’ long-term compounding has been: [30]
- Over the past 10 years, SHW has delivered an average annual return of about 14.5%, slightly outperforming the broad market.
- A $100 investment in Sherwin-Williams a decade ago would be worth roughly $377.61 today, assuming dividend reinvestment at a recent share price around $343–344.
That long-term outperformance helps explain why so many institutions remain committed even as valuation debate heats up.
What November 29’s news means for SHW investors
Putting it all together, here’s how the November 29, 2025 news flow fits into the Sherwin-Williams investment story:
- Institutional conviction remains strong.
Big players like Skandinaviska Enskilda Banken, Scotia Capital, Bank of Nova Scotia Trust, and the Florida Retirement System are collectively adding to SHW, not walking away. One smaller manager trimming its stake is more likely about portfolio rebalancing than a broad change in sentiment. [31] - The Street expects moderate upside, but not a moonshot.
With a median target of $400 and a 16% implied upside, analysts are signaling cautious optimism, not explosive growth. The wide target range ($261–$422) underscores how sensitive the story is to margins, housing demand and macro conditions. [32] - Valuation is the main battleground.
On one hand, SHW trades at 30+ times earnings, and fundamental models like Simply Wall St’s DDM say the shares are far above intrinsic value. On the other, the company’s ROE, brand strength, and long-term growth record have historically supported a premium. [33] - Operations are solid, but leverage adds risk.
Q3 results beat expectations, guidance looks stable, and the dividend continues to grow from a low base. But with high leverage and a construction‑linked demand profile, Sherwin-Williams isn’t immune to rising rates, housing slowdowns, or aggressive competitor pricing — risks highlighted in prior SWOT‑style analyses of the business. [34] - Long-term compounding remains the bull case.
The Benzinga data and 10‑year return comparisons show that SHW has been a wealth compounder for patient shareholders. The key question is whether buying in the mid‑$300s still offers an attractive entry point after such a long run. [35]
What to watch next
For investors tracking Sherwin-Williams stock after the November 29 news:
- Dividend payout on December 5, 2025 – Confirmation of ongoing shareholder returns and any commentary around future increases. [36]
- Macro housing and construction data – SHW’s performance is tightly linked to housing starts, renovation trends, and industrial project pipelines.
- Q4 2025 and early‑2026 guidance – Any shift in guidance relative to the current $11.25–$11.45 EPS range will likely move the stock quickly. [37]
- Execution by the incoming CFO and balance‑sheet management – How management handles leverage and capital allocation with rates still elevated will be key for valuation. [38]
Bottom line
- Bull case: Sherwin-Williams is a market-leading coatings company with a powerful brand, high returns on capital, and a long history of compounding shareholder value. Recent institutional buying and a bullish consensus with double-digit upside targets suggest many professionals still see room to run from current levels. [39]
- Bear case: The stock already trades at a rich multiple, some valuation models flag it as dramatically overvalued, and leverage plus macro uncertainty could pressure margins and earnings if demand softens. [40]
As always, this article is for informational purposes only and does not constitute financial advice. Anyone considering Sherwin-Williams stock — whether after the November 29 institutional filings or ahead of 2026 — should weigh their own risk tolerance, time horizon, and portfolio needs before making an investment decision.
References
1. www.marketbeat.com, 2. www.marketbeat.com, 3. portfolioslab.com, 4. www.marketbeat.com, 5. www.marketbeat.com, 6. www.marketbeat.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. www.marketbeat.com, 10. www.marketbeat.com, 11. www.marketbeat.com, 12. www.marketbeat.com, 13. www.marketbeat.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.marketbeat.com, 19. tickernerd.com, 20. tickernerd.com, 21. simplywall.st, 22. www.marketbeat.com, 23. www.reuters.com, 24. www.reuters.com, 25. www.marketbeat.com, 26. companiesmarketcap.com, 27. www.marketbeat.com, 28. www.gurufocus.com, 29. www.gurufocus.com, 30. www.benzinga.com, 31. www.marketbeat.com, 32. tickernerd.com, 33. simplywall.st, 34. www.investing.com, 35. www.benzinga.com, 36. www.marketbeat.com, 37. www.marketbeat.com, 38. www.gurufocus.com, 39. www.marketbeat.com, 40. simplywall.st
