Wealthfront Advisers LLC Sells 5,425 Shares of The Sherwin-Williams Company $SHW

Wealthfront Advisers LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 18.4% during the 1st quarter, HoldingsChannel reports. The firm owned 24,095 shares of the specialty chemicals company’s stock after selling 5,425 shares during the quarter. Wealthfront Advisers LLC’s holdings in Sherwin-Williams were worth $7,724,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $27,000. Ares Financial Consulting LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the first quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth about $30,000. Finally, Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research analyst reports. Bank of America reduced their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research note on Monday, June 8th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $374.38.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $331.57 on Friday. The business’s 50-day moving average price is $319.72 and its 200-day moving average price is $332.48. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The firm has a market capitalization of $81.78 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.92 and a beta of 1.10. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last issued 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. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business 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 earned $2.25 EPS. The firm’s quarterly 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. Equities research analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.

Sherwin-Williams 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.