NewEdge Wealth LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 43.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,924 shares of the specialty chemicals company’s stock after selling 3,050 shares during the period. NewEdge Wealth LLC’s holdings in Sherwin-Williams were worth $1,258,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. First Citizens Bank & Trust Co. purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth about $294,000. Alesco Advisors LLC An ESL Co lifted its position in Sherwin-Williams by 110.7% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 2,528 shares of the specialty chemicals company’s stock valued at $810,000 after acquiring an additional 1,328 shares during the period. First Trust Advisors LP lifted its position in Sherwin-Williams by 44.9% during the 1st quarter. First Trust Advisors LP now owns 123,505 shares of the specialty chemicals company’s stock valued at $39,589,000 after acquiring an additional 38,250 shares during the period. ABN Amro Investment Solutions boosted its stake in Sherwin-Williams by 4.2% during the first quarter. ABN Amro Investment Solutions now owns 88,135 shares of the specialty chemicals company’s stock worth $28,252,000 after acquiring an additional 3,586 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Sherwin-Williams by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 263,162 shares of the specialty chemicals company’s stock worth $84,357,000 after acquiring an additional 6,091 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on SHW shares. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday, June 8th. Citigroup initiated coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They set an “overweight” rating for the company. BMO Capital Markets upped their price target on Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $373.92.
Sherwin-Williams Stock Performance
Shares of SHW stock opened at $317.59 on Monday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company’s 50-day moving average is $320.72 and its 200 day moving average is $332.22. The company has a market capitalization of $78.33 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. Sherwin-Williams’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.
Sherwin-Williams Profile
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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