TD Asset Management Inc Boosts Stake in The Sherwin-Williams Company $SHW

TD Asset Management Inc lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,036 shares of the specialty chemicals company’s stock after purchasing an additional 19,870 shares during the period. TD Asset Management Inc owned 0.09% of Sherwin-Williams worth $69,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the 4th quarter worth $27,000. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth $31,000. Rossby Financial LCC increased its stake in Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth $45,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.7%

SHW opened at $305.21 on Friday. The firm has a 50-day simple moving average of $318.13 and a two-hundred day simple moving average of $332.79. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a market capitalization of $75.28 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.60 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 the consensus estimate of $5.56 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The business’s 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. Analysts forecast that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors 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 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SHW. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Bank of America cut 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. Royal Bank Of Canada cut their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.67.

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.