Bessemer Group Inc. Has $5.30 Million Position in The Sherwin-Williams Company $SHW

Bessemer Group Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 97.3% during the first quarter, HoldingsChannel.com reports. The firm owned 16,519 shares of the specialty chemicals company’s stock after selling 592,553 shares during the period. Bessemer Group Inc.’s holdings in Sherwin-Williams were worth $5,297,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $27,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at $27,000. Whipplewood Advisors LLC purchased a new position in Sherwin-Williams in the first quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $30,000. Finally, Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Bank of America dropped 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. Finally, Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Stock Down 2.2%

Shares of SHW stock opened at $323.98 on Tuesday. The stock’s 50 day simple moving average is $319.95 and its 200 day simple moving average is $332.52. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month 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 has a market capitalization of $79.91 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.86 and a beta of 1.10.

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. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. The company’s 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 11.78 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed 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. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is currently 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.