Cibc World Market Inc. Decreases Stock Holdings in The Sherwin-Williams Company $SHW

Cibc World Market Inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 55.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,759 shares of the specialty chemicals company’s stock after selling 58,200 shares during the period. Cibc World Market Inc.’s holdings in Sherwin-Williams were worth $15,151,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 0.7% in the fourth 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 acquiring an additional 37,145 shares in the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 0.3% in the third 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 acquiring an additional 11,560 shares in the last quarter. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,089,450,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Sherwin-Williams by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after purchasing an additional 12,715 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets set a $355.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Royal Bank Of Canada decreased their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Citigroup started coverage on shares of Sherwin-Williams in a research report on Thursday. They issued a “buy” rating and a $355.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $365.67.

Sherwin-Williams Stock Performance

Shares of SHW opened at $305.21 on Friday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company has a 50-day moving average of $318.13 and a two-hundred day moving average of $332.79. The stock has a market cap of $75.28 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.60 and a beta of 1.12. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 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 company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the company posted $2.25 earnings per share. The business’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. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share 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 issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) 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.