Keel Point LLC Lowers Holdings in The Sherwin-Williams Company $SHW

Keel Point LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,349 shares of the specialty chemicals company’s stock after selling 1,578 shares during the period. Keel Point LLC’s holdings in Sherwin-Williams were worth $3,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. lifted its holdings in Sherwin-Williams by 4.3% during the 1st quarter. Blue Fin Capital Inc. now owns 4,143 shares of the specialty chemicals company’s stock worth $1,328,000 after buying an additional 172 shares in the last quarter. SHUTTLEWORTH & Co grew its stake in shares of Sherwin-Williams by 4.7% in the first quarter. SHUTTLEWORTH & Co now owns 4,171 shares of the specialty chemicals company’s stock worth $1,337,000 after acquiring an additional 186 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Sherwin-Williams by 6.8% in the first quarter. Bank of America Corp DE now owns 1,121,651 shares of the specialty chemicals company’s stock worth $359,545,000 after acquiring an additional 71,237 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Sherwin-Williams during the first quarter worth $713,000. Finally, Strategic Investment Advisors MI purchased a new stake in shares of Sherwin-Williams during the first quarter worth $474,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SHW. Bank of America decreased their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday. Finally, UBS Group reissued a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $384.47.

Sherwin-Williams Price Performance

Shares of SHW opened at $341.19 on Friday. The firm has a market capitalization of $82.83 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.54 and a beta of 1.10. The firm’s fifty day simple moving average is $324.40 and its 200-day simple moving average is $332.32. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 2.16.

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

Sherwin-Williams Announces Dividend

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 issued 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 of this dividend is Friday, August 21st. Sherwin-Williams’s payout ratio is 29.49%.

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.