Smithbridge Asset Management Inc. DE Lowers Holdings in The Sherwin-Williams Company $SHW

Smithbridge Asset Management Inc. DE lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 50.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,847 shares of the specialty chemicals company’s stock after selling 5,892 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Sherwin-Williams were worth $1,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its position in Sherwin-Williams by 24.6% during the first quarter. Root Financial Partners LLC now owns 420 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 83 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of Sherwin-Williams by 17.6% during the first quarter. Essex Financial Services Inc. now owns 823 shares of the specialty chemicals company’s stock worth $264,000 after buying an additional 123 shares in the last quarter. Deltec Asset Management LLC purchased a new stake in Sherwin-Williams during the 1st quarter valued at about $321,000. USS Investment Management Ltd increased its holdings in shares of Sherwin-Williams by 2.3% in the first quarter. USS Investment Management Ltd now owns 40,983 shares of the specialty chemicals company’s stock valued at $13,138,000 after purchasing an additional 940 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Sherwin-Williams by 4.7% in the 1st quarter. IFM Investors Pty Ltd now owns 47,545 shares of the specialty chemicals company’s stock worth $15,241,000 after acquiring an additional 2,119 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.5%

SHW stock opened at $346.05 on Thursday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company has a fifty day moving average of $317.08 and a 200-day moving average of $331.54. The stock has a market capitalization of $85.35 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.97 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.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. The company had revenue of $5.67 billion for 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 firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on SHW. Mizuho reduced their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup began coverage on Sherwin-Williams in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. BMO Capital Markets set a $355.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.69.

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.