The Sherwin-Williams Company $SHW Stake Lifted by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 366.8% in the 4th quarter, HoldingsChannel reports. The fund owned 4,397 shares of the specialty chemicals company’s stock after acquiring an additional 3,455 shares during the period. Prestige Wealth Management Group LLC’s holdings in Sherwin-Williams were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also 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 boosted 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 buying an additional 985,520 shares in the last quarter. Vanguard Group Inc. boosted 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 buying an additional 600,119 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Sherwin-Williams by 424.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after buying an additional 443,119 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Sherwin-Williams during the third quarter worth approximately $104,826,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 1.3%

Sherwin-Williams stock opened at $300.24 on Friday. The company has a 50 day moving average price of $318.45 and a 200 day moving average price of $332.98. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. 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 capitalization of $74.05 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 2.56 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the business posted $2.25 EPS. 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 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America reduced 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. Citigroup started coverage on shares of Sherwin-Williams in a report on Thursday. They set a “buy” rating and a $355.00 target price for the company. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Wells Fargo & Company decreased 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 note on Wednesday, April 29th. Finally, Mizuho decreased 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 note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $365.67.

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.