The Sherwin-Williams Company $SHW Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 61.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,726 shares of the specialty chemicals company’s stock after selling 334,857 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Sherwin-Williams worth $68,189,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cidel Asset Management Inc. lifted its holdings in shares of Sherwin-Williams by 15.4% in the 1st quarter. Cidel Asset Management Inc. now owns 795 shares of the specialty chemicals company’s stock worth $255,000 after acquiring an additional 106 shares during the last quarter. Cache Advisors LLC purchased a new position in Sherwin-Williams in the first quarter worth approximately $117,000. New Covenant Trust Company N.A. grew its stake in shares of Sherwin-Williams by 15.0% during the first quarter. New Covenant Trust Company N.A. now owns 803 shares of the specialty chemicals company’s stock worth $257,000 after purchasing an additional 105 shares in the last quarter. Essex Bank increased its holdings in shares of Sherwin-Williams by 7.9% in the 1st quarter. Essex Bank now owns 755 shares of the specialty chemicals company’s stock valued at $242,000 after acquiring an additional 55 shares during the last quarter. Finally, Robbins Farley grew its position in shares of Sherwin-Williams by 1.0% in the 1st quarter. Robbins Farley now owns 11,998 shares of the specialty chemicals company’s stock valued at $3,846,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SHW shares. Citigroup initiated coverage on shares of Sherwin-Williams in a research report on Wednesday. They issued an “overweight” rating for the company. Bank of America dropped their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research report on Monday, June 8th. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.

Sherwin-Williams Trading Up 1.8%

Shares of Sherwin-Williams stock opened at $339.10 on Friday. The firm has a market cap of $83.64 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.88 and a beta of 1.12. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company’s 50-day simple moving average is $316.55 and its 200-day simple moving average is $331.02. 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 announced its quarterly earnings data 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. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s revenue 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, equities research analysts anticipate that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

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.