Manning & Napier Advisors LLC Has $54.41 Million Stake in The Sherwin-Williams Company $SHW

Manning & Napier Advisors LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.4% during the first quarter, HoldingsChannel reports. The fund owned 169,723 shares of the specialty chemicals company’s stock after selling 11,688 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Sherwin-Williams were worth $54,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Viking Global Investors LP grew its holdings in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after buying an additional 660,997 shares during the period. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sherwin-Williams by 34.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after buying an additional 513,126 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.7%

Shares of NYSE SHW traded up $2.28 during midday trading on Friday, reaching $334.31. The stock had a trading volume of 1,081,483 shares, compared to its average volume of 2,600,526. The firm has a market cap of $82.45 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. 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 company’s 50 day moving average price is $318.45 and its 200 day moving average price is $332.24.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the firm posted $2.25 EPS. The company’s quarterly 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. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Bank of America cut their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Citigroup assumed coverage on Sherwin-Williams in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.

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.