BlackRock Amends Sherwin-Williams Stake, Signals Continued Confidence

TL;DR

**BlackRock still owns a big chunk of Sherwin-Williams, signaling institutional confidence.**

AI Summary

BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Sherwin-Williams Co. common stock as of December 31, 2023. This filing, Amendment No. 8, shows BlackRock's continued significant, but passive, stake in the paint and coatings giant. This matters to investors because BlackRock is one of the world's largest asset managers, and its substantial holding signals institutional confidence in Sherwin-Williams, potentially influencing other investors and providing a degree of stability to the stock.

Why It Matters

BlackRock's consistent, large ownership in Sherwin-Williams suggests institutional belief in the company's long-term value, which can reassure current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive, institutional investment, posing minimal direct risk to shareholders.

Analyst Insight

Investors should view this as a routine update from a major institutional holder. While it doesn't signal a new investment, BlackRock's continued presence suggests a stable, long-term institutional interest in Sherwin-Williams, which can be a positive sign for the company's fundamentals.

Key Players & Entities

• BlackRock, Inc. (company) — the reporting person and institutional investor
• Sherwin-Williams Co. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring this filing
• January 29, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 8 (number) — the specific amendment number of this filing

FAQ

From the Filing

0001086364-24-005144.txt : 20240129 0001086364-24-005144.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005144 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SHERWIN WILLIAMS CO CENTRAL INDEX KEY: 0000089800 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY [5200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 340526850 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-09835 FILM NUMBER: 24573119 BUSINESS ADDRESS: STREET 1: 101 PROSPECT AVE NW CITY: CLEVELAND STATE: OH ZIP: 44115 BUSINESS PHONE: 2165662200 MAIL ADDRESS: STREET 1: 101 PROSPECT AVE NW CITY: CLEVELAND STATE: OH ZIP: 44115 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us8243481061_012924.txt us8243481061_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) SHERWIN WILLIAMS CO -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 824348106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 824348106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 14446289 (6) Shared voting power 0 (7) Sole dispositive power 16178069 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16178069 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SHERWIN WILLIAMS CO Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 101 PROSPECT AVE NW CLEVELAND OH 44115 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ---------------