The Sherwin-Williams Company $SHW Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 90.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,402 shares of the specialty chemicals company’s stock after selling 58,195 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Sherwin-Williams were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Community Trust & Investment Co. grew its holdings in Sherwin-Williams by 6.3% in the 2nd quarter. Community Trust & Investment Co. now owns 41,470 shares of the specialty chemicals company’s stock valued at $14,279,000 after buying an additional 2,447 shares during the period. Czech National Bank lifted its holdings in shares of Sherwin-Williams by 4.0% during the 2nd quarter. Czech National Bank now owns 65,288 shares of the specialty chemicals company’s stock worth $22,480,000 after acquiring an additional 2,501 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of Sherwin-Williams by 7.4% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 42,633 shares of the specialty chemicals company’s stock worth $14,679,000 after acquiring an additional 2,924 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Sherwin-Williams by 3.8% in the second quarter. Assenagon Asset Management S.A. now owns 220,744 shares of the specialty chemicals company’s stock worth $76,007,000 after acquiring an additional 8,018 shares during the last quarter. Finally, Orser Capital Management LLC purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $217,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America dropped their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Guggenheim started coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective for the company. Finally, The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.

Read Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Up 1.7%

SHW opened at $369.59 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The firm has a 50 day moving average price of $329.94 and a 200 day moving average price of $332.57. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market cap of $89.72 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the previous year, the company posted $3.38 earnings per share. Sherwin-Williams’s revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is presently 29.49%.

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.

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

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