Vestcor Inc Decreases Stock Position in The Sherwin-Williams Company $SHW

Vestcor Inc cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,882 shares of the specialty chemicals company’s stock after selling 1,760 shares during the quarter. Vestcor Inc’s holdings in Sherwin-Williams were worth $2,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CoreCap Advisors LLC lifted its position in Sherwin-Williams by 0.6% in the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after acquiring an additional 29 shares in the last quarter. Sowell Financial Services LLC lifted its position in Sherwin-Williams by 2.8% in the 4th quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after acquiring an additional 29 shares in the last quarter. Mather Group LLC. lifted its position in Sherwin-Williams by 1.4% in the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 30 shares in the last quarter. Sapient Capital LLC lifted its position in Sherwin-Williams by 0.3% in the 4th quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after acquiring an additional 30 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Sherwin-Williams by 6.3% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock valued at $171,000 after acquiring an additional 31 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SHW shares. Royal Bank Of Canada lowered their price objective on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Mizuho lowered their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Wells Fargo & Company lowered their price target on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $365.67.

Sherwin-Williams Price Performance

NYSE SHW opened at $305.21 on Monday. The business’s fifty day moving average price is $318.13 and its 200-day moving average price is $332.83. The stock has a market capitalization of $75.28 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.64 and a beta of 1.12. 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 Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year 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 for the quarter, beating the consensus estimate 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 return on equity of 64.55% and a net margin of 10.86%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 11.74 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders 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 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.