Franklin Resources Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,418,042 shares of the specialty chemicals company’s stock after buying an additional 9,983 shares during the period. Franklin Resources Inc.’s holdings in Sherwin-Williams were worth $459,488,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 worth $7,529,752,000 after purchasing an additional 600,119 shares during the period. Geode Capital Management LLC lifted its position in Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after buying an additional 37,145 shares during the period. Capital Research Global Investors boosted its stake in Sherwin-Williams by 0.3% in 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 last quarter. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $1,089,450,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after acquiring an additional 12,715 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SHW has been the subject of a number of recent analyst reports. Citigroup began coverage on shares of Sherwin-Williams in a report on Thursday, June 4th. They issued a “buy” rating and a $355.00 target price for the company. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada cut their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $366.77.
Sherwin-Williams Stock Performance
Sherwin-Williams stock opened at $299.49 on Tuesday. The stock has a market cap of $73.87 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The stock has a 50 day moving average of $317.72 and a 200-day moving average of $332.65. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65.
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. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s 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, analysts expect that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s payout ratio is currently 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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