Capital Group Investment Management PTE. LTD. Grows Stake in The Sherwin-Williams Company $SHW

Capital Group Investment Management PTE. LTD. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,454 shares of the specialty chemicals company’s stock after acquiring an additional 2,042 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Sherwin-Williams were worth $4,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Norges Bank purchased a new position in Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Viking Global Investors LP boosted its stake 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 valued at $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Sherwin-Williams by 424.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock valued at $177,433,000 after acquiring an additional 443,119 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Sherwin-Williams in the third quarter valued at about $104,826,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America dropped their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings cut shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. 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 assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $365.67.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $305.21 on Friday. The company’s fifty day moving average price is $318.13 and its 200-day moving average price is $332.79. 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. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. 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 issued its quarterly earnings results 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. The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 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.