The Sherwin-Williams Company $SHW Shares Sold by Huntington National Bank

Huntington National Bank trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,351 shares of the specialty chemicals company’s stock after selling 30,473 shares during the period. Huntington National Bank’s holdings in Sherwin-Williams were worth $31,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC boosted its position in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Sherwin-Williams in the third quarter valued at approximately $45,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.4%

Shares of NYSE:SHW opened at $310.10 on Thursday. The Sherwin-Williams Company has a 12-month low of $294.32 and a 12-month high of $379.65. The company has a market capitalization of $76.48 billion, a PE ratio of 29.76, a PEG ratio of 2.69 and a beta of 1.16. The business has a 50 day moving average of $320.06 and a two-hundred day moving average of $334.74. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) 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 the consensus estimate of $5.56 billion. During the same period in the previous year, the company posted $2.25 earnings per share. Sherwin-Williams’s revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHW. UBS Group dropped their target price on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Bank of America dropped their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.33.

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.