10 Safe Stocks to Buy According to Billionaire Chilton

2. The Sherwin-Williams Company (NYSE:SHW)

Chilton Investment Company’s Stake Value: $317,175,851

 Number of Hedge Fund Holders: 78

The Sherwin-Williams Company (NYSE:SHW) makes it in our list of safe stocks to buy according to billionaire Chilton. The Sherwin-Williams Company (NYSE:SHW) produces corrosion-resistant coatings for commercial vessels and the marine industry, protecting harsh, humid environments. The Sherwin-Williams Company (NYSE:SHW) serves residential, commercial, and industrial customers, which adds diversification to its business model and helps mitigate the impact of market cycles.

The Sherwin-Williams Company (NYSE:SHW), organized into three segments—Paint Stores Group, Consumer Brands Group, and Performance Coatings Group—demonstrates a strong growth trajectory, particularly in its Paint Stores Group, which generates over 50% of the company’s revenue and has shown significant growth of 12.6% and 7.3% since 2021. While the Consumer Brands Group has faced challenges with minimal growth, the Performance Coatings Group has maintained steady progress, with a 13% increase from 2021 to 2022.

Analyst Jay Capital rates The Sherwin-Williams Company (NYSE:SHW) as a ‘buy’, citing the improving macroeconomic environment, stronger market position, and favorable cost outlook. He believes that management’s FY24 EPS guidance is conservative and expects The Sherwin-Williams Company (NYSE:SHW) to surpass the high end of this range, potentially reaching $12.2, which would likely provide a significant boost to investor sentiment.

The Sherwin-Williams Company (NYSE:SHW) ranks 2nd in our list of safe stocks to buy according to billionaire Chilton. At the end of Q1 2024, Chilton Investment Company owned 913,183 shares of The Sherwin-Williams Company (NYSE:SHW), valued at $317,175,851. According to regulatory filings, this investment represented 8.69% of Chilton’s total portfolio.