Swedbank AB Trims Stake in The Sherwin-Williams Company $SHW

Swedbank AB lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 108,855 shares of the specialty chemicals company’s stock after selling 7,855 shares during the quarter. Swedbank AB’s holdings in Sherwin-Williams were worth $34,893,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. CoreCap Advisors LLC raised its holdings in shares of Sherwin-Williams by 0.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after buying an additional 29 shares during the period. Sowell Financial Services LLC boosted its holdings in Sherwin-Williams by 2.8% during 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 during the period. Mather Group LLC. boosted its holdings in Sherwin-Williams by 1.4% during 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 during the period. Sapient Capital LLC grew 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 during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in Sherwin-Williams by 6.2% 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 during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 3.5%

Shares of Sherwin-Williams stock opened at $330.33 on Thursday. 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. The firm’s 50-day moving average is $317.98 and its two-hundred day moving average is $332.15. The stock has a market cap of $81.47 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.95 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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 business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’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, research analysts expect that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed 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 of this dividend 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 30.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on SHW shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday. Mizuho cut their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, Wells Fargo & Company lowered their price objective 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. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $374.38.

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.