Montrusco Bolton Investments Inc. Sells 26,748 Shares of The Sherwin-Williams Company $SHW

Montrusco Bolton Investments Inc. cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.9% in the first quarter, Holdings Channel.com reports. The firm owned 360,931 shares of the specialty chemicals company’s stock after selling 26,748 shares during the period. Sherwin-Williams makes up approximately 1.7% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 24th largest holding. Montrusco Bolton Investments Inc.’s holdings in Sherwin-Williams were worth $112,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the period. State Street Corp grew its position in Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after buying an additional 364,832 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after acquiring an additional 37,145 shares during the period. Capital Research Global Investors grew its holdings in shares of Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,089,450,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

NYSE:SHW opened at $351.72 on Friday. The firm has a market cap of $86.75 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.04 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 company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The company’s 50-day moving average price is $317.77 and its two-hundred day moving average price is $331.84.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm 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 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is presently 30.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SHW shares. Wells Fargo & Company reduced their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. UBS Group lowered shares of 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 report on Tuesday, June 2nd. Finally, BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.

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.