The Sherwin-Williams Company $SHW Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the first quarter, HoldingsChannel reports. The firm owned 517,982 shares of the specialty chemicals company’s stock after selling 4,548 shares during the period. California Public Employees Retirement System’s holdings in Sherwin-Williams were worth $166,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Bartlett & CO. Wealth Management LLC increased its stake in shares of Sherwin-Williams by 2.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 3,275 shares of the specialty chemicals company’s stock valued at $1,017,000 after purchasing an additional 87 shares during the period. Kesler Norman & Wride LLC boosted its position in shares of Sherwin-Williams by 1.0% during the first quarter. Kesler Norman & Wride LLC now owns 4,540 shares of the specialty chemicals company’s stock worth $1,455,000 after buying an additional 45 shares during the period. Heartland Bank & Trust Co grew its holdings in Sherwin-Williams by 2.8% in the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after buying an additional 32 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in Sherwin-Williams by 8.1% in the 1st quarter. Kera Capital Partners Inc. now owns 1,594 shares of the specialty chemicals company’s stock worth $511,000 after buying an additional 119 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its position in Sherwin-Williams by 19.6% in the 1st quarter. Gryphon Financial Partners LLC now owns 3,051 shares of the specialty chemicals company’s stock valued at $978,000 after acquiring an additional 500 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Citigroup assumed coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Finally, Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Stock Performance

SHW opened at $331.57 on Friday. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a market capitalization of $81.78 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.10. The business has a 50 day moving average price of $319.72 and a two-hundred day moving average price of $332.48. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts predict that The Sherwin-Williams Company will post 11.78 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. Shareholders of record on Friday, May 22nd were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio 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.