Bank of New York Mellon Corp Sells 12,244 Shares of The Sherwin-Williams Company $SHW

Bank of New York Mellon Corp lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,631,303 shares of the specialty chemicals company’s stock after selling 12,244 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sherwin-Williams were worth $522,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Ares Financial Consulting LLC bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams in the 1st quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $30,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $31,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $337.96 on Friday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. 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 50-day moving average price of $319.42 and a 200-day moving average price of $332.49. The firm has a market capitalization of $83.35 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 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 for the quarter was up 6.9% on a year-over-year basis. 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. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHW. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Bank of America lowered their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Company lowered 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 report on Wednesday, April 29th. BMO Capital Markets lifted their price target on Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $374.38.

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.