NewEdge Wealth LLC Boosts Position in The Sherwin-Williams Company $SHW

NewEdge Wealth LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 64.4% during the 4th quarter, Holdings Channel reports. The fund owned 6,974 shares of the specialty chemicals company’s stock after buying an additional 2,731 shares during the quarter. NewEdge Wealth LLC’s holdings in Sherwin-Williams were worth $2,260,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHW. Viking Global Investors LP raised its position in shares of Sherwin-Williams by 101.4% during 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 buying an additional 985,520 shares during the period. Vanguard Group Inc. raised its position 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. Assenagon Asset Management S.A. raised its position in shares of Sherwin-Williams by 424.2% during 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 buying an additional 443,119 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $104,826,000. Finally, Amundi raised its position in shares of Sherwin-Williams by 14.0% during the 3rd quarter. Amundi now owns 1,897,769 shares of the specialty chemicals company’s stock valued at $639,377,000 after buying an additional 232,436 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 0.4%

Shares of NYSE SHW opened at $311.56 on Wednesday. The firm has a market cap of $76.84 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.70 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 52-week low of $301.58 and a 52-week high of $379.65. The business’s 50 day moving average is $325.84 and its two-hundred day moving average is $337.39.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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. The company had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts predict that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 30.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a report on Thursday, January 22nd. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. UBS Group reduced their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.33.

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.