Glenmede Trust Co. NA Sells 29,562 Shares of The Sherwin-Williams Company $SHW

Glenmede Trust Co. NA trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 16.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,453 shares of the specialty chemicals company’s stock after selling 29,562 shares during the quarter. Glenmede Trust Co. NA’s holdings in Sherwin-Williams were worth $48,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilkerson Advisory Group LLC grew its stake in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $30,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SHW shares. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Wednesday. Finally, Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $384.47.

Sherwin-Williams Trading Down 1.1%

Shares of Sherwin-Williams stock opened at $341.19 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.53 and a current ratio of 0.73. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The stock has a 50 day moving average price of $324.40 and a two-hundred day moving average price of $332.32. The stock has a market capitalization of $82.83 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the company posted $3.38 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is 29.49%.

Sherwin-Williams 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.