Bank of New York Mellon Corp Sells 12,244 Shares of The Sherwin-Williams Company $SHW

Bank of New York Mellon Corp reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,631,303 shares of the specialty chemicals company’s stock after selling 12,244 shares during the period. Bank of New York Mellon Corp owned about 0.66% of Sherwin-Williams worth $522,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Sherwin-Williams in the 4th quarter worth $2,496,000. Westview Management dba Westview Investment Advisors purchased a new stake in Sherwin-Williams during the fourth quarter valued at $2,655,000. Calamos Advisors LLC increased its position in Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after acquiring an additional 9,196 shares during the last quarter. Kinsale Capital Group Inc. bought a new position in Sherwin-Williams in the fourth quarter valued at about $4,805,000. Finally, Addenda Capital Inc. lifted its holdings in Sherwin-Williams by 148.6% in the fourth quarter. Addenda Capital Inc. now owns 26,254 shares of the specialty chemicals company’s stock valued at $8,507,000 after acquiring an additional 15,693 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $385.00 to $330.00 in a research note on Tuesday, June 2nd. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $374.38.

Sherwin-Williams Trading Up 1.7%

Shares of NYSE:SHW opened at $337.96 on Friday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The company has a market cap of $83.35 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The stock has a 50 day moving average of $319.42 and a 200 day moving average of $332.49. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.08. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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 was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

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.