Balyasny Asset Management L.P. Grows Stake in The Sherwin-Williams Company $SHW

Balyasny Asset Management L.P. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 53,827.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 662,225 shares of the specialty chemicals company’s stock after acquiring an additional 660,997 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.27% of Sherwin-Williams worth $214,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $30,000. Lodestone Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $31,000. Finally, Rossby Financial LCC raised its position in shares of Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group lowered shares of 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 report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Bank of America lowered their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada lowered their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $366.77.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $313.08 on Thursday. The firm’s 50 day simple moving average is $317.22 and its 200 day simple moving average is $331.54. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $77.22 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.78 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.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The business 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%. Sherwin-Williams’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

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.