11 Best Feminist Stocks To Invest In

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

Number of Hedge Fund Shareholders In Q1 2024: 78

CEO: Heidi G. Petz

The Sherwin-Williams Company (NYSE:SHW) is a diversified chemicals company headquartered in Cleveland, Ohio. The average of 23 one year share price targets for the firm is $343.43 and the shares are rated Buy on average. Amidst a slowing economy that is struggling with high rates and persistent inflation, BMO reduced its estimates for The Sherwin-Williams Company (NYSE:SHW)’s consumer division in June 2024. Its latest analyst note kept an Overweight rating on the shares but reduced the share price target to $360 from $377. However, the research firm added that the housing market could recover in 2025 to provide The Sherwin-Williams Company (NYSE:SHW) investors with growth.

Despite the fact that it is a stable home improvement stock, The Sherwin-Williams Company (NYSE:SHW)’s forward price to earnings ratio of 26.81 is slightly higher than the S&P’s 21. For our detailed take on SHW, please see 25 Best Dividend Aristocrats to Buy. The Sherwin-Williams Company (NYSE:SHW) CEO Heidi Petz expressed awareness of a slow market for her firm, but she remained optimistic during its latest earnings call. According to the executive:

Going forward, I believe in our differentiated strategy, our deeply experienced leadership and our team’s ability to execute in lockstep with our customers to deliver above market growth. Here are several of the leading indicators that give me great confidence that we continue to strengthen our position. For example, we increased the number of exclusive national contracts we have with homebuilders and property management customers in the quarter. New accounts and active purchasing accounts in our stores are up significantly from a year ago. Paint Stores Group rep call activity and unique accounts calls are also up in the quarter. Foot traffic in our stores is up and our net promoter score is at an all-time high. And we’re seeing multiple share of wallet and meaningful new customer wins across our industrial businesses.

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