The Sherwin-Williams Company $SHW Stake Decreased by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,256 shares of the specialty chemicals company’s stock after selling 4,194 shares during the period. Confluence Investment Management LLC’s holdings in Sherwin-Williams were worth $21,436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC grew its position in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after buying an additional 626 shares in the last quarter. Jump Financial LLC bought a new position in Sherwin-Williams in the 2nd quarter valued at about $1,210,000. Sei Investments Co. increased its stake in Sherwin-Williams by 43.6% during the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after buying an additional 59,831 shares during the period. Finally, Glenview Trust co increased its stake in Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after buying an additional 148 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. UBS Group reiterated a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Guggenheim initiated coverage on Sherwin-Williams in a research note on Monday. They set a “buy” rating and a $400.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Sherwin-Williams Stock Up 3.8%

SHW stock opened at $353.69 on Tuesday. 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 cap of $85.86 billion, a PE ratio of 32.60, a P/E/G ratio of 2.54 and a beta of 1.10. The firm has a 50 day simple moving average of $325.28 and a 200 day simple moving average of $332.12. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is presently 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.