Flputnam Investment Management Co. Sells 1,703 Shares of The Sherwin-Williams Company $SHW

Flputnam Investment Management Co. trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.5% in the 4th quarter, Holdings Channel reports. The fund owned 46,434 shares of the specialty chemicals company’s stock after selling 1,703 shares during the quarter. Flputnam Investment Management Co.’s holdings in Sherwin-Williams were worth $15,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrity Alliance LLC. bought a new position in Sherwin-Williams in the fourth quarter worth $609,000. Integrity Advisory Solutions LLC lifted its position in Sherwin-Williams by 0.9% in the fourth quarter. Integrity Advisory Solutions LLC now owns 6,061 shares of the specialty chemicals company’s stock worth $1,964,000 after purchasing an additional 55 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Sherwin-Williams by 2.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,790 shares of the specialty chemicals company’s stock worth $580,000 after purchasing an additional 44 shares during the period. Bleakley Financial Group LLC lifted its position in Sherwin-Williams by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 13,765 shares of the specialty chemicals company’s stock worth $4,460,000 after purchasing an additional 1,166 shares during the period. Finally, Kestra Investment Management LLC lifted its position in Sherwin-Williams by 5.0% in the fourth quarter. Kestra Investment Management LLC now owns 1,053 shares of the specialty chemicals company’s stock worth $341,000 after purchasing an additional 50 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup reduced their target price on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company cut their price objective on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price objective on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. UBS Group cut their price objective on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, 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 report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.33.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $311.41 on Wednesday. The Sherwin-Williams Company has a twelve month low of $294.32 and a twelve month high of $379.65. The firm has a market cap of $76.81 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The business has a fifty day moving average of $320.32 and a 200-day moving average of $334.90.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the company posted $2.25 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 22nd. Sherwin-Williams’s payout ratio is presently 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.