Havemeyer Place LP Buys Shares of 2,275 The Sherwin-Williams Company $SHW

Havemeyer Place LP bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,275 shares of the specialty chemicals company’s stock, valued at approximately $737,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. Norges Bank bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $1,089,450,000. Viking Global Investors LP increased its stake in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Vanguard Group Inc. increased its stake 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 acquiring an additional 600,119 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Sherwin-Williams by 424.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock valued at $177,433,000 after acquiring an additional 443,119 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $104,826,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

NYSE SHW opened at $299.49 on Tuesday. The business has a 50 day simple moving average of $317.72 and a 200 day simple moving average of $332.65. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week 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. The stock has a market cap of $73.87 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.64 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the prior year, the business earned $2.25 EPS. Sherwin-Williams’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts anticipate that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio is 30.71%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho lowered their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price target for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Bank of America lowered their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Citigroup assumed coverage on Sherwin-Williams in a research note on Thursday, June 4th. They issued a “buy” rating and a $355.00 price target for the company. Finally, Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $366.77.

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.