Waycross Partners LLC Has $30.36 Million Stock Position in The Sherwin-Williams Company $SHW

Waycross Partners LLC grew its position in The Sherwin-Williams Company (NYSE:SHW) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,729 shares of the specialty chemicals company’s stock after acquiring an additional 2,933 shares during the quarter. Sherwin-Williams accounts for about 2.9% of Waycross Partners LLC’s holdings, making the stock its 16th largest position. Waycross Partners LLC’s holdings in Sherwin-Williams were worth $30,365,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams in the fourth quarter worth $27,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams during the first quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth $30,000. Finally, Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.1%

Shares of SHW stock opened at $331.57 on Monday. The company has a market capitalization of $81.78 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.86 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-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. The firm has a 50-day moving average price of $319.72 and a 200 day moving average price of $332.53.

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

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SHW shares. UBS Group lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their target price for the company from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Mizuho cut their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, Wells Fargo & Company cut their target price on 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 equities research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.38.

About Sherwin-Williams

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.