The Sherwin-Williams Company $SHW Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 20.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,305 shares of the specialty chemicals company’s stock after selling 2,636 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sherwin-Williams were worth $3,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Lloyd Advisory Services LLC. purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth about $30,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $31,000. Finally, Rossby Financial LCC increased its holdings in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW opened at $317.03 on Tuesday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The stock has a market cap of $78.19 billion, a P/E ratio of 30.43, a PEG ratio of 2.77 and a beta of 1.12. 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 has a 50-day moving average of $316.71 and a two-hundred day moving average of $331.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The company’s quarterly 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. As a group, research analysts predict that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is 30.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHW shares. BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Mizuho lowered their price target 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 dropped their price objective 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. Citigroup started coverage on Sherwin-Williams in a report on Thursday, June 4th. They set a “buy” rating and a $355.00 price objective for the company. Finally, Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $366.77.

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.