Strs Ohio Cuts Position in The Sherwin-Williams Company $SHW

Strs Ohio trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,988 shares of the specialty chemicals company’s stock after selling 6,049 shares during the period. Strs Ohio’s holdings in Sherwin-Williams were worth $24,037,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC raised its position in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares during the last quarter. Jump Financial LLC bought a new position in Sherwin-Williams in the 2nd quarter worth about $1,210,000. Sei Investments Co. boosted its stake in Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co grew its position in Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after purchasing an additional 148 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $351.72 on Friday. The firm’s 50-day moving average price is $317.77 and its 200-day moving average price is $331.84. 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 $86.75 billion, a PE ratio of 33.75, a PEG ratio of 3.04 and a beta of 1.10. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share 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 analysts’ expectations of $5.56 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHW. Citigroup initiated coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the company from $385.00 to $330.00 in a report on Tuesday, June 2nd. Royal Bank Of Canada reduced their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Mizuho decreased their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, BMO Capital Markets set a $355.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.

Sherwin-Williams 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.