Vanguard Trims Sherwin-Williams Stake to 11.5%

TL;DR

**Vanguard cut its Sherwin-Williams stake to 11.5% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Sherwin-Williams Co. As of December 29, 2023, Vanguard reported holding 27,990,387 shares of common stock, representing 11.5% of the company's outstanding shares. This filing indicates a slight decrease in their beneficial ownership from the previous filing, which matters to investors as Vanguard is a significant institutional holder, and changes in their stake can signal shifts in their investment strategy or outlook on Sherwin-Williams' future performance.

Why It Matters

This filing shows Vanguard, a major institutional investor, slightly reduced its stake in Sherwin-Williams, which could suggest a minor rebalancing of their portfolio or a slightly less bullish outlook on the company.

Risk Assessment

Risk Level: low — The change in ownership by Vanguard is a minor adjustment by a large institutional investor and does not indicate significant risk for Sherwin-Williams.

Analyst Insight

An investor should note that a major institutional holder like Vanguard has slightly adjusted its position, but this minor change doesn't signal a strong buy or sell, rather a rebalancing. It's prudent to monitor future filings and Sherwin-Williams' performance.

Key Numbers

• 27,990,387 — Shares Beneficially Owned (The total number of Sherwin-Williams common stock shares Vanguard holds.)
• 11.5% — Percentage of Class (The percentage of Sherwin-Williams' common stock owned by Vanguard, indicating a significant institutional stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this filing, providing a snapshot of ownership.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Sherwin-Williams Co (company) — subject company whose securities are being reported
• 27,990,387 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 11.5% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially slightly reduced, stake in Sherwin-Williams over the next year. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tv01910-sherwinwilliamscothe.htm (SC 13G/A) — 11KB
• 0001104659-24-021927.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Sherwin-Williams Co/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 101 West Prospect Avenue Cleveland, OH 44115-1075

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 824348106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR