The Sherwin-Williams Company $SHW Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.6% in the 4th quarter, Holdings Channel reports. The fund owned 70,604 shares of the specialty chemicals company’s stock after selling 40,804 shares during the quarter. Eventide Asset Management LLC’s holdings in Sherwin-Williams were worth $22,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $31,000. Rossby Financial LCC raised its stake in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $317.25 on Friday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The stock’s fifty day simple moving average is $317.14 and its 200-day simple moving average is $332.10. 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 stock has a market capitalization of $78.24 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The business’s 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. Equities research analysts expect that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SHW shares. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Bank of America lowered their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Royal Bank Of Canada lowered their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $366.77.

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.