The Sherwin-Williams Company $SHW Stake Decreased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,321 shares of the specialty chemicals company’s stock after selling 2,236 shares during the period. Icon Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SHW. Norges Bank bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $1,089,450,000. Viking Global Investors LP raised its holdings in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 2.7% during 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 purchasing an additional 600,119 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sherwin-Williams by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after purchasing an additional 513,126 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Sherwin-Williams by 88.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 994,583 shares of the specialty chemicals company’s stock worth $322,275,000 after purchasing an additional 466,747 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.0%

Sherwin-Williams stock opened at $317.25 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The firm has a market cap of $78.25 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. 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 price is $317.14 and its two-hundred day moving average price is $332.06.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (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 firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is presently 30.71%.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. Citigroup initiated coverage on Sherwin-Williams in a report on Thursday, June 4th. They set a “buy” rating and a $355.00 target price on the stock. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a report on Monday, June 8th. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. Wells Fargo & Company dropped their target price 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. Finally, JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $366.77.

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.