Eventide Asset Management LLC Cuts Stock Position in The Sherwin-Williams Company $SHW

Eventide Asset Management LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,604 shares of the specialty chemicals company’s stock after selling 40,804 shares during the quarter. Eventide Asset Management LLC’s holdings in Sherwin-Williams were worth $22,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $9,058,000. Evelyn Partners Investment Management LLP grew its stake in Sherwin-Williams by 2.0% during the 4th quarter. Evelyn Partners Investment Management LLP now owns 10,216 shares of the specialty chemicals company’s stock worth $3,310,000 after purchasing an additional 196 shares in the last quarter. Aigen Investment Management LP acquired a new position in Sherwin-Williams during the 4th quarter worth $1,329,000. Arrowstreet Capital Limited Partnership grew its stake in Sherwin-Williams by 88.4% during the 4th 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. Finally, Aptus Capital Advisors LLC grew its stake in Sherwin-Williams by 2.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 42,758 shares of the specialty chemicals company’s stock worth $13,855,000 after purchasing an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Finally, Weiss Ratings cut Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $366.77.

Sherwin-Williams Trading Up 0.1%

SHW opened at $317.25 on Friday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company has a market cap of $78.24 billion, a P/E ratio of 30.45, a PEG ratio of 2.74 and a beta of 1.12. 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 business’s 50-day simple moving average is $317.14 and its 200-day simple moving average is $332.10.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

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.