Orange Investment Advisors Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 13.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,709 shares of the specialty chemicals company’s stock after selling 2,168 shares during the period. Orange Investment Advisors Inc.’s holdings in Sherwin-Williams were worth $4,394,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. State Street Corp increased its stake in Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after purchasing an additional 364,832 shares in the last quarter. Geode Capital Management LLC increased its stake in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares in the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after buying an additional 11,560 shares during the period. Finally, Norges Bank acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,089,450,000. Institutional investors own 77.67% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on SHW. Royal Bank Of Canada reduced their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Bank of America dropped their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Citigroup initiated coverage on Sherwin-Williams in a report on Wednesday. They set an “overweight” rating for the company. Finally, Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.69.
Sherwin-Williams Price Performance
NYSE:SHW opened at $344.84 on Monday. The stock has a market capitalization of $85.05 billion, a PE ratio of 33.09, a P/E/G ratio of 2.97 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 firm has a fifty day simple moving average of $316.88 and a 200 day simple moving average of $331.14. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.56 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.80 per share. The ex-dividend date 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%.
About Sherwin-Williams
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.
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