OP Asset Management Ltd Makes New $7.72 Million Investment in The Sherwin-Williams Company $SHW

OP Asset Management Ltd purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,099 shares of the specialty chemicals company’s stock, valued at approximately $7,725,000.

Several other institutional investors have also modified their holdings of SHW. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $30,000. Lodestone Wealth Management LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at $31,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHW shares. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Citigroup started coverage on shares of Sherwin-Williams in a report on Wednesday. They set an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.

Check Out Our Latest Analysis on SHW

Sherwin-Williams Price Performance

Shares of SHW opened at $339.10 on Friday. The business’s 50-day moving average is $316.55 and its 200-day moving average is $331.02. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The company has a market capitalization of $83.64 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 2.88 and a beta of 1.12. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Sherwin-Williams Profile

(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

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

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