Edgestream Partners L.P. Makes New $713,000 Investment in The Sherwin-Williams Company $SHW

Edgestream Partners L.P. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,223 shares of the specialty chemicals company’s stock, valued at approximately $713,000.

Several other large investors have also modified their holdings of the business. Strategic Investment Advisors MI purchased a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $474,000. Sunbelt Securities Inc. lifted its stake in Sherwin-Williams by 3.8% in the 1st quarter. Sunbelt Securities Inc. now owns 3,272 shares of the specialty chemicals company’s stock valued at $1,049,000 after buying an additional 121 shares in the last quarter. Amundi lifted its stake in Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock valued at $705,497,000 after buying an additional 376,505 shares in the last quarter. Royal Bank of Canada grew its holdings in Sherwin-Williams by 9.8% during the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock valued at $309,832,000 after buying an additional 86,254 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Sherwin-Williams by 143.6% during the 1st quarter. Empowered Funds LLC now owns 27,059 shares of the specialty chemicals company’s stock valued at $8,674,000 after buying an additional 15,949 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 2.1%

Shares of SHW opened at $361.72 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. The company has a market capitalization of $87.81 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The stock has a fifty day moving average of $326.28 and a two-hundred day moving average of $332.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.

Analysts Set New Price Targets

Several research firms have weighed in on SHW. Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Company 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.