Forsta AP Fonden Boosts Stake in The Sherwin-Williams Company $SHW

Forsta AP Fonden lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 97,380 shares of the specialty chemicals company’s stock after purchasing an additional 4,580 shares during the quarter. Forsta AP Fonden’s holdings in Sherwin-Williams were worth $31,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Sherwin-Williams by 2.7% during 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 in the last quarter. Geode Capital Management LLC increased its position in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after buying an additional 37,145 shares in the last quarter. Capital Research Global Investors increased its position in Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock valued at $1,188,698,000 after buying an additional 11,560 shares in the last quarter. Norges Bank bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $1,089,450,000. Finally, JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock valued at $1,056,811,000 after purchasing an additional 12,715 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Citigroup decreased their target price on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. UBS Group decreased their target price on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Bank of America dropped their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.33.

Sherwin-Williams Trading Down 0.3%

SHW stock opened at $304.25 on Friday. The company’s 50-day simple moving average is $319.59 and its 200-day simple moving average is $334.28. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 52-week low of $294.32 and a 52-week high of $379.65. The firm has a market cap of $75.04 billion, a P/E ratio of 29.20, a PEG ratio of 2.64 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business 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 company posted $2.25 EPS. The company’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, equities analysts forecast that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

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.