PBCay One RSC Ltd Sells 75,306 Shares of The Sherwin-Williams Company $SHW

PBCay One RSC Ltd lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 26.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,468 shares of the specialty chemicals company’s stock after selling 75,306 shares during the period. Sherwin-Williams accounts for 5.0% of PBCay One RSC Ltd’s holdings, making the stock its 6th biggest position. PBCay One RSC Ltd’s holdings in Sherwin-Williams were worth $67,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SHW. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC lifted its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 626 shares during the last quarter. Jump Financial LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $1,210,000. Sei Investments Co. grew its position in shares of Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after acquiring an additional 59,831 shares during the period. Finally, Glenview Trust co increased its stake in shares of Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after purchasing an additional 148 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 recently commented on SHW shares. JPMorgan Chase & Co. reduced their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research note on Monday, June 8th. Bank of America cut their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, BMO Capital Markets boosted their target price on Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $373.92.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $310.39 on Friday. The firm has a market cap of $76.55 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10. 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 Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The business’s 50 day moving average is $320.37 and its 200-day moving average is $332.32.

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. 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 for the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the company posted $2.25 earnings per share. Sherwin-Williams’s revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.78 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 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.