Tucker Asset Management LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 2,398 shares of the specialty chemicals company’s stock, valued at approximately $777,000. Sherwin-Williams makes up about 0.2% of Tucker Asset Management LLC’s portfolio, making the stock its 28th biggest holding.
Other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $31,000. Rossby Financial LCC lifted its position in shares of Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $45,000. Finally, Networth Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Analyst Upgrades and Downgrades
SHW has been the subject of a number of recent research reports. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target 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. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, UBS Group decreased their price target on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $375.33.
Insiders Place Their Bets
In related news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.
Sherwin-Williams Trading Up 0.1%
SHW opened at $300.43 on Monday. The firm has a market capitalization of $74.10 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.60 and a beta of 1.16. The firm’s 50 day moving average is $323.12 and its 200-day moving average is $336.80. The Sherwin-Williams Company has a 52-week low of $300.05 and a 52-week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping 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%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts expect that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio 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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