The Sherwin-Williams Company $SHW Stock Position Raised by Swiss National Bank

Swiss National Bank grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 691,160 shares of the specialty chemicals company’s stock after acquiring an additional 42,280 shares during the period. Swiss National Bank’s holdings in Sherwin-Williams were worth $221,551,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its position in Sherwin-Williams by 0.6% during the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after acquiring an additional 29 shares in the last quarter. Sowell Financial Services LLC grew its position in Sherwin-Williams by 2.8% in the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock worth $343,000 after acquiring an additional 29 shares in the last quarter. Mather Group LLC. increased its stake in shares of Sherwin-Williams by 1.4% during the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 30 shares during the last quarter. Sapient Capital LLC increased its stake in shares of Sherwin-Williams by 0.3% during the 4th quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock worth $2,993,000 after purchasing an additional 30 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of Sherwin-Williams by 6.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SHW. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Bank of America decreased their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $374.38.

Sherwin-Williams Trading Up 0.1%

NYSE:SHW opened at $331.57 on Monday. The company’s 50 day moving average is $319.72 and its 200-day moving average is $332.53. 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 Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The firm has a market cap of $81.78 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.86 and a beta of 1.10.

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 net margin of 10.86% and a return on equity of 64.55%. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the firm earned $2.25 EPS. Sherwin-Williams’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. Equities analysts anticipate that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s payout ratio is currently 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.