Vanguard Trims Sherwin-Williams Stake to 11.5%

Ticker: SHW · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

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

What is the primary purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment (Amendment No. 10) by The Vanguard Group to report its beneficial ownership of common stock in Sherwin-Williams Co/The, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

How many shares of Sherwin-Williams common stock does The Vanguard Group beneficially own as of the event date?

As of December 29, 2023, The Vanguard Group beneficially owns 27,990,387 shares of Sherwin-Williams Co/The common stock.

What percentage of Sherwin-Williams' common stock does Vanguard's reported ownership represent?

The 27,990,387 shares beneficially owned by The Vanguard Group represent 11.5% of the class of Sherwin-Williams Co/The common stock outstanding.

When was the event date that required this filing?

The date of the event which required the filing of this statement was December 29, 2023.

Does The Vanguard Group have sole voting power over these shares?

No, The Vanguard Group reported having 0 shares with sole voting power, indicating their holdings are primarily for investment purposes without direct voting control.

From the Filing

0001104659-24-021927.txt : 20240213 0001104659-24-021927.hdr.sgml : 20240213 20240213171401 ACCESSION NUMBER: 0001104659-24-021927 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629517 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01910-sherwinwilliamscothe.htm SCHEDULE 13G/A sherwinwilliamscothe SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  Sherwin-Williams Co/The Title of Class of Securities:  Common Stock CUSIP Number:  824348106 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  824348106 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 315,076 7.  SOLE DISPOSITIVE POWER 20,416,522 8.  SHARED DISPOSITIVE POWER 1,019,325 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,435,847 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.37% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Sherwin-Williams Co/The Item 1(b) - Address of Issuer's Principal Executive Offices: 101 West Prospect Avenue Cleveland, OH 44115-1075 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP