The Manufacturers Life Insurance Company Sells 12,896 Shares of The Sherwin-Williams Company $SHW

The Manufacturers Life Insurance Company decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,351 shares of the specialty chemicals company’s stock after selling 12,896 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Sherwin-Williams were worth $51,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 valued at $7,529,752,000 after purchasing an additional 600,119 shares during the last quarter. State Street Corp increased its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after buying an additional 364,832 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after buying an additional 37,145 shares in the last quarter. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $1,089,450,000. Finally, Viking Global Investors LP lifted its holdings in shares of Sherwin-Williams by 10.1% during the 4th quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock worth $1,027,923,000 after acquiring an additional 291,217 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday. The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.47.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $344.33 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.53 and a current ratio of 0.73. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a fifty day moving average of $323.77 and a 200-day moving average of $332.26. The stock has a market capitalization of $83.59 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.98 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 29.49%.

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.