Cerity Partners LLC Buys 31,864 Shares of The Sherwin-Williams Company $SHW

Cerity Partners LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 35.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 120,741 shares of the specialty chemicals company’s stock after acquiring an additional 31,864 shares during the period. Cerity Partners LLC’s holdings in Sherwin-Williams were worth $39,124,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC grew its stake 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 acquiring an additional 48 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in Sherwin-Williams in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research note on Monday. Citigroup assumed coverage on Sherwin-Williams in a research note on Thursday, June 4th. They issued a “buy” rating and a $355.00 price objective for the company. Finally, Bank of America reduced their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $366.77.

Sherwin-Williams Stock Down 2.0%

SHW stock opened at $304.28 on Thursday. The stock’s fifty day simple moving average is $317.38 and its two-hundred day simple moving average is $332.35. 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 stock has a market cap of $75.05 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.68 and a beta of 1.12.

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 the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts expect that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.1%. 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.