Vontobel Holding Ltd. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 83.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,252 shares of the specialty chemicals company’s stock after selling 162,227 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sherwin-Williams were worth $10,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. Wellington Management Group LLP raised its holdings in Sherwin-Williams by 133.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the period. Amundi raised its holdings in Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after purchasing an additional 376,505 shares during the period. Bank of New York Mellon Corp bought a new position in Sherwin-Williams in the 2nd quarter worth $547,097,000. Finally, Legal & General Group Plc purchased a new position in Sherwin-Williams during the second quarter valued at $459,652,000. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 0.6%
Shares of SHW stock opened at $334.80 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company’s fifty day moving average price is $333.46 and its 200-day moving average price is $328.33. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.50 and a beta of 1.08.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the firm posted $3.38 EPS. Sherwin-Williams’s quarterly 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 12.09 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.
Insider Activity
In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karl Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have issued reports on SHW. Barclays set a $348.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a report on Monday, October 12th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Melius Research began coverage on Sherwin-Williams in a research report on Tuesday, October 6th. They set a “hold” rating and a $367.00 price objective on the stock. UBS Group set a $363.00 price objective on Sherwin-Williams and gave the company a “neutral” rating in a research note on Monday, October 5th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $382.08.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.
Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.
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