HB Wealth Management LLC Has $9.49 Million Stake in The Sherwin-Williams Company $SHW

HB Wealth Management LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,621 shares of the specialty chemicals company’s stock after selling 3,097 shares during the quarter. HB Wealth Management LLC’s holdings in Sherwin-Williams were worth $9,495,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. PFG Investments LLC raised its stake in Sherwin-Williams by 21.5% during the first quarter. PFG Investments LLC now owns 1,214 shares of the specialty chemicals company’s stock worth $389,000 after acquiring an additional 215 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 16.9% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 2,844 shares of the specialty chemicals company’s stock worth $912,000 after purchasing an additional 412 shares during the last quarter. DB Fitzpatrick & Co Inc increased its position in shares of Sherwin-Williams by 4,619.5% during the 1st quarter. DB Fitzpatrick & Co Inc now owns 4,106 shares of the specialty chemicals company’s stock worth $1,316,000 after purchasing an additional 4,019 shares in the last quarter. Optas LLC increased its position in shares of Sherwin-Williams by 9.8% during the 1st quarter. Optas LLC now owns 3,265 shares of the specialty chemicals company’s stock worth $1,047,000 after purchasing an additional 291 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Sherwin-Williams by 200.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,493 shares of the specialty chemicals company’s stock valued at $23,238,000 after purchasing an additional 48,370 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SHW shares. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. BMO Capital Markets set a $355.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Citigroup started coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Wells Fargo & Company decreased their price target on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.69.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $351.72 on Friday. The stock has a 50-day moving average price of $317.77 and a 200 day moving average price of $331.84. 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 firm has a market cap of $86.75 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 3.04 and a beta of 1.10. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current 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 paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.

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.