Lansforsakringar Fondforvaltning AB publ Lowers Holdings in The Sherwin-Williams Company $SHW

Lansforsakringar Fondforvaltning AB publ cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 74,007 shares of the specialty chemicals company’s stock after selling 1,643 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Sherwin-Williams were worth $23,723,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $30,000. Lodestone Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $31,000. Finally, Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams during the fourth quarter valued at $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Mizuho cut their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. UBS Group downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Finally, Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $368.69.

Sherwin-Williams Trading Down 0.1%

NYSE SHW opened at $344.01 on Wednesday. The Sherwin-Williams Company has a one year low of $289.86 and a one year 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 company has a market capitalization of $84.85 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.97 and a beta of 1.12. The company’s 50-day simple moving average is $317.04 and its two-hundred day simple moving average is $331.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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