Erste Asset Management GmbH Sells 15,569 Shares of The Sherwin-Williams Company $SHW

Erste Asset Management GmbH trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,007 shares of the specialty chemicals company’s stock after selling 15,569 shares during the quarter. Erste Asset Management GmbH’s holdings in Sherwin-Williams were worth $34,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $31,000. Rossby Financial LCC raised its holdings in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $45,000. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on SHW. Mizuho cut their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Bank of America cut their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Company cut 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. UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada cut their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $365.67.

Sherwin-Williams Trading Down 0.0%

Shares of SHW stock opened at $305.21 on Monday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The firm has a 50 day moving average price of $318.13 and a two-hundred day moving average price of $332.83. The company has a market capitalization of $75.28 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. 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 announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period 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 predict that The Sherwin-Williams Company will post 11.74 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

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.