Griffin Asset Management Inc. Increases Stock Position in The Sherwin-Williams Company $SHW

Griffin Asset Management Inc. raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,668 shares of the specialty chemicals company’s stock after purchasing an additional 2,705 shares during the period. Griffin Asset Management Inc.’s holdings in Sherwin-Williams were worth $3,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its stake in shares of Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after buying an additional 6,408 shares during the period. Mairs & Power Inc. lifted its stake in shares of Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock valued at $160,680,000 after buying an additional 3,430 shares during the period. Inscription Capital LLC purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $1,069,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $2,655,000. Finally, Calamos Advisors LLC lifted its stake in shares of Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after buying an additional 9,196 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. UBS Group reduced their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup reduced their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $375.33.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $307.31 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The company has a market cap of $75.79 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.59 and a beta of 1.16. The Sherwin-Williams Company has a fifty-two week low of $294.32 and a fifty-two week high of $379.65. The firm’s 50 day moving average is $321.33 and its two-hundred day moving average is $335.82.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. Sherwin-Williams’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $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 year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Sherwin-Williams Company Profile

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.