The Sherwin-Williams Company $SHW Shares Bought by Capital World Investors

Capital World Investors raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 37.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,323,131 shares of the specialty chemicals company’s stock after purchasing an additional 358,857 shares during the period. Capital World Investors’ holdings in Sherwin-Williams were worth $428,764,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 2.7% in 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 purchasing an additional 600,119 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after acquiring an additional 37,145 shares in the last quarter. Capital Research Global Investors lifted 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 valued at $1,188,698,000 after acquiring an additional 11,560 shares in the last quarter. Norges Bank acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $1,089,450,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock valued at $1,056,811,000 after acquiring an additional 12,715 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $305.21 on Monday. The company has a 50-day moving average of $318.13 and a 200-day moving average of $332.83. The company has a market capitalization of $75.28 billion, a P/E ratio of 29.29, a PEG ratio of 2.64 and a beta of 1.12. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. 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 posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating 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 business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the business posted $2.25 EPS. The company’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 analysts expect that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal 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 $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is 30.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Sherwin-Williams in a report on Thursday. They set a “buy” rating and a $355.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. UBS Group downgraded 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 note on Tuesday, June 2nd. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.67.

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.