Vestcor Inc Trims Holdings in The Sherwin-Williams Company $SHW

Vestcor Inc decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,882 shares of the specialty chemicals company’s stock after selling 1,760 shares during the period. Vestcor Inc’s holdings in Sherwin-Williams were worth $2,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. Brighton Jones LLC boosted its holdings in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares in the last quarter. Empowered Funds LLC raised its holdings in 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 in the last quarter. Jump Financial LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $1,210,000. Sei Investments Co. lifted its position in shares of 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 during the period. Finally, Glenview Trust co boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHW shares. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup assumed coverage on Sherwin-Williams in a research report on Thursday. They set a “buy” rating and a $355.00 price objective on the stock. Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Bank of America decreased their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $365.67.

Sherwin-Williams Price Performance

SHW stock opened at $305.21 on Monday. 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 firm has a 50 day moving average price of $318.13 and a 200-day moving average price of $332.83. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The firm has a market capitalization of $75.28 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.64 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 for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the company earned $2.25 EPS. The firm’s revenue for the quarter 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 forecast that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s 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.