ExodusPoint Capital Management LP Acquires Shares of 66,859 The Sherwin-Williams Company $SHW

ExodusPoint Capital Management LP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 66,859 shares of the specialty chemicals company’s stock, valued at approximately $21,664,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Ares Financial Consulting LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $31,000. Rossby Financial LCC lifted its holdings in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at about $33,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings cut Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Bank of America cut their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. Finally, Royal Bank Of Canada cut their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $366.77.

Read Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $322.31 on Wednesday. The stock has a market capitalization of $79.49 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.76 and a beta of 1.12. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The business has a 50-day moving average price of $317.28 and a two-hundred day moving average price of $331.76.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities analysts predict that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is presently 30.71%.

About Sherwin-Williams

(Free Report)

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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