CIBC Asset Management Inc Boosts Stock Position in The Sherwin-Williams Company $SHW

CIBC Asset Management Inc raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,796 shares of the specialty chemicals company’s stock after purchasing an additional 20,764 shares during the quarter. CIBC Asset Management Inc’s holdings in Sherwin-Williams were worth $17,756,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $1,089,450,000. Viking Global Investors LP raised its position in Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Sherwin-Williams by 424.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after purchasing an additional 443,119 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $104,826,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SHW shares. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $385.00 to $330.00 in a research note on Tuesday. Finally, Royal Bank Of Canada lowered their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.67.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $300.24 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The company’s 50-day moving average price is $318.45 and its 200 day moving average price is $332.98. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The stock has a market cap of $74.05 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.56 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. 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.