Waterfront Wealth Inc. Sells 1,559 Shares of The Sherwin-Williams Company $SHW

Waterfront Wealth Inc. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,681 shares of the specialty chemicals company’s stock after selling 1,559 shares during the quarter. Waterfront Wealth Inc.’s holdings in Sherwin-Williams were worth $1,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams in the 4th quarter valued at $27,000. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $30,000. Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $331.72 on Friday. The firm’s 50 day moving average price is $318.12 and its 200-day moving average price is $332.22. The stock has a market capitalization of $81.82 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. 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 issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given 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 was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Finally, UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $374.38.

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.