Kentucky Retirement Systems Sells 7,534 Shares of The Sherwin-Williams Company $SHW

Kentucky Retirement Systems reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 51.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,111 shares of the specialty chemicals company’s stock after selling 7,534 shares during the period. Kentucky Retirement Systems’ holdings in Sherwin-Williams were worth $2,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Fideuram Asset Management Ireland dac purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $2,496,000. Calamos Advisors LLC grew its position in Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after purchasing an additional 9,196 shares in the last quarter. Addenda Capital Inc. increased its stake in Sherwin-Williams by 148.6% in the 4th quarter. Addenda Capital Inc. now owns 26,254 shares of the specialty chemicals company’s stock valued at $8,507,000 after buying an additional 15,693 shares during the period. Kinsale Capital Group Inc. purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $4,805,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 2.7% during the 4th 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. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings cut Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $384.47.

Sherwin-Williams Trading Up 0.1%

Shares of NYSE:SHW opened at $344.33 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.53 and a current ratio of 0.73. The stock’s 50-day moving average is $323.77 and its 200-day moving average is $332.26. The company has a market cap of $83.59 billion, a P/E ratio of 31.74, a P/E/G ratio of 2.63 and a beta of 1.10. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.98 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

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.