Parr Mcknight Wealth Management Group LLC Makes New $1.90 Million Investment in The Sherwin-Williams Company $SHW

Parr Mcknight Wealth Management Group LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,938 shares of the specialty chemicals company’s stock, valued at approximately $1,903,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Ares Financial Consulting LLC bought a new stake in Sherwin-Williams in the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the 4th quarter worth about $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams in the first quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $30,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Bank of America reduced their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $374.38.

Sherwin-Williams Stock Performance

SHW opened at $328.30 on Tuesday. The firm has a fifty day moving average price of $318.58 and a 200 day moving average price of $332.33. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The stock has a market cap of $80.97 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.88 and a beta of 1.10. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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. 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 firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid 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 dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 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.