Waterfront Wealth Inc. Has $1.82 Million Stake in The Sherwin-Williams Company $SHW

Waterfront Wealth Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,681 shares of the specialty chemicals company’s stock after selling 1,559 shares during the period. Waterfront Wealth Inc.’s holdings in Sherwin-Williams were worth $1,821,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SHW. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams during the 4th quarter valued at about $30,000. Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $31,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Monday. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, Citigroup began coverage on shares of Sherwin-Williams in a research report on Wednesday, June 24th. They issued an “overweight” rating for the company. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Stock Performance

NYSE SHW opened at $331.72 on Friday. The company has a market capitalization of $81.82 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. 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 Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a 50-day simple moving average of $318.12 and a 200 day simple moving average of $332.22.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during 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%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders 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 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.