Canoe Financial LP Cuts Holdings in The Sherwin-Williams Company $SHW

Canoe Financial LP lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 7.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 319,417 shares of the specialty chemicals company’s stock after selling 27,120 shares during the period. Canoe Financial LP owned about 0.13% of Sherwin-Williams worth $102,389,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 600,119 shares during the period. State Street Corp raised its stake in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after buying an additional 364,832 shares during the period. Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after buying an additional 37,145 shares during the period. Capital Research Global Investors lifted its position in shares of Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock valued at $1,188,698,000 after buying an additional 11,560 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $1,089,450,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 0.2%

Shares of SHW opened at $344.84 on Monday. 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 $85.05 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.97 and a beta of 1.12. The firm’s fifty day moving average is $316.88 and its two-hundred day moving average is $331.14. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The business 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 company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Citigroup started coverage on shares of Sherwin-Williams in a research report on Wednesday. They issued an “overweight” rating on the stock. BMO Capital Markets set a $355.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Bank of America decreased their price target 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. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $368.69.

Sherwin-Williams 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.