Allspring Global Investments Holdings LLC Has $85.89 Million Stake in The Sherwin-Williams Company $SHW

Allspring Global Investments Holdings LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 22.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 263,709 shares of the specialty chemicals company’s stock after purchasing an additional 48,540 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sherwin-Williams were worth $85,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC boosted its stake in Sherwin-Williams by 0.6% during the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after acquiring an additional 29 shares during the last quarter. Sowell Financial Services LLC increased its stake in Sherwin-Williams by 2.8% during the 4th quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock worth $343,000 after purchasing an additional 29 shares in the last quarter. Mather Group LLC. raised its holdings in Sherwin-Williams by 1.4% during the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after buying an additional 30 shares during the period. Sapient Capital LLC lifted its stake in Sherwin-Williams by 0.3% in the fourth quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after buying an additional 30 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in Sherwin-Williams by 6.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 31 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 1.9%

SHW stock opened at $331.57 on Friday. The company has a market capitalization of $81.78 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. 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 company’s 50-day simple moving average is $319.72 and its 200 day simple moving average is $332.48.

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 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 company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the previous year, the company earned $2.25 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SHW. BMO Capital Markets upped their target price on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Citigroup assumed coverage on Sherwin-Williams in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the company from $385.00 to $330.00 in a report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.

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.