MV Capital Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,634 shares of the specialty chemicals company’s stock, valued at approximately $529,000.
A number of other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $30,000. Lodestone Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $31,000. Finally, Rossby Financial LCC raised its holdings in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 48 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on SHW shares. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the company from $385.00 to $330.00 in a report on Tuesday, June 2nd. Bank of America cut their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. 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 company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $366.77.
Sherwin-Williams Stock Up 2.4%
Sherwin-Williams stock opened at $321.38 on Friday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The firm’s 50-day simple moving average is $317.37 and its 200 day simple moving average is $331.39. The stock has a market cap of $79.27 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the business posted $2.25 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts predict 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 given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. 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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