Pictet Asset Management Holding SA Has $34.17 Million Holdings in The Sherwin-Williams Company $SHW

Pictet Asset Management Holding SA decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 23.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 106,595 shares of the specialty chemicals company’s stock after selling 32,885 shares during the period. Pictet Asset Management Holding SA’s holdings in Sherwin-Williams were worth $34,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $50,000. Sterling Capital Management LLC raised its position in shares of Sherwin-Williams by 47.4% in the 1st quarter. Sterling Capital Management LLC now owns 13,739 shares of the specialty chemicals company’s stock valued at $4,404,000 after acquiring an additional 4,419 shares during the period. Value Partners Investments Inc. boosted its stake in Sherwin-Williams by 5.0% during the 1st quarter. Value Partners Investments Inc. now owns 8,358 shares of the specialty chemicals company’s stock worth $2,676,000 after acquiring an additional 399 shares during the last quarter. Lewis Asset Management LLC grew its holdings in Sherwin-Williams by 11.8% during the first quarter. Lewis Asset Management LLC now owns 787 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 83 shares during the period. Finally, Welch Group LLC grew its holdings in Sherwin-Williams by 6.0% during the first quarter. Welch Group LLC now owns 26,902 shares of the specialty chemicals company’s stock valued at $8,623,000 after purchasing an additional 1,520 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHW. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a report on Monday, June 8th. Weiss Ratings lowered shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Bank of America dropped their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company reduced their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $368.69.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE:SHW opened at $344.01 on Wednesday. The firm has a market cap of $84.85 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.97 and a beta of 1.12. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company’s fifty day simple moving average is $317.04 and its 200 day simple moving average is $331.42. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is currently 30.71%.

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.