Kovitz Investment Group Partners LLC Reduces Stake in The Sherwin-Williams Company $SHW

Kovitz Investment Group Partners LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 22.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,869 shares of the specialty chemicals company’s stock after selling 4,637 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Sherwin-Williams were worth $5,142,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after acquiring an additional 600,119 shares during the period. State Street Corp increased its position in Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares in the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth about $1,089,450,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SHW. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada lowered their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research report on Monday, June 8th. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $366.77.

Sherwin-Williams Trading Up 0.2%

NYSE:SHW opened at $321.38 on Friday. The firm has a market capitalization of $79.26 billion, a P/E ratio of 30.84, a PEG ratio of 2.77 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 one year low of $289.86 and a one year high of $379.65. The company’s 50-day simple moving average is $317.09 and its 200 day simple moving average is $331.32.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share 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 business 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 business’s revenue for the quarter 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, analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s 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.