Y Intercept Hong Kong Ltd Sells 9,169 Shares of The Sherwin-Williams Company $SHW

Y Intercept Hong Kong Ltd lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 50.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,852 shares of the specialty chemicals company’s stock after selling 9,169 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Sherwin-Williams were worth $2,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Sherwin-Williams by 200.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,493 shares of the specialty chemicals company’s stock valued at $23,238,000 after purchasing an additional 48,370 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its stake in Sherwin-Williams by 97.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 9,060 shares of the specialty chemicals company’s stock worth $2,904,000 after buying an additional 4,470 shares during the period. Platform Technology Partners bought a new position in Sherwin-Williams during the first quarter valued at $366,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Sherwin-Williams during the first quarter valued at $322,000. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in shares of Sherwin-Williams by 4.3% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 8,111 shares of the specialty chemicals company’s stock valued at $2,600,000 after acquiring an additional 332 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $342.12 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The firm has a market cap of $84.38 billion, a PE ratio of 32.83, a P/E/G ratio of 3.01 and a beta of 1.10. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The stock has a fifty day moving average price of $318.09 and a 200-day moving average price of $332.11.

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

Sherwin-Williams Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHW. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Mizuho decreased their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price 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. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $372.15.

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.