The Sherwin-Williams Company $SHW Shares Bought by DNB Asset Management AS

DNB Asset Management AS boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,049 shares of the specialty chemicals company’s stock after purchasing an additional 3,490 shares during the quarter. DNB Asset Management AS’s holdings in Sherwin-Williams were worth $21,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Modera Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 2.4% during the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after buying an additional 29 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Sherwin-Williams by 0.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after purchasing an additional 29 shares during the period. Sowell Financial Services LLC grew its holdings in Sherwin-Williams by 2.8% in the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after purchasing an additional 29 shares during the period. Mather Group LLC. grew its holdings in Sherwin-Williams by 1.4% in the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 30 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its holdings in Sherwin-Williams by 1.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,789 shares of the specialty chemicals company’s stock valued at $580,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Citigroup lowered their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Bank of America lowered their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Finally, UBS Group lowered their target price on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.33.

Sherwin-Williams Trading Down 2.8%

Shares of SHW stock opened at $300.43 on Friday. The stock has a market cap of $74.10 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.16. 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 Sherwin-Williams Company has a fifty-two week low of $300.05 and a fifty-two week high of $379.65. The firm’s 50 day moving average price is $323.12 and its two-hundred day moving average price is $336.79.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. Sherwin-Williams’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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.