Bank of Nova Scotia Boosts Stock Position in The Sherwin-Williams Company $SHW

Bank of Nova Scotia grew its position in The Sherwin-Williams Company (NYSE:SHW) by 37.6% during the first quarter, Holdings Channel reports. The firm owned 305,135 shares of the specialty chemicals company’s stock after acquiring an additional 83,370 shares during the period. Bank of Nova Scotia’s holdings in Sherwin-Williams were worth $97,814,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Wilkerson Advisory Group LLC increased its holdings in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares during the period. Ares Financial Consulting LLC purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $30,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 3.0%

Sherwin-Williams stock opened at $310.39 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The stock has a market capitalization of $76.56 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10. The business has a 50 day simple moving average of $320.37 and a 200-day simple moving average of $332.32. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion for 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 firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Weiss Ratings downgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research report on Monday, June 8th. Citigroup began coverage on Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.92.

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.