Resources Management Corp CT ADV Sells 2,039 Shares of The Sherwin-Williams Company $SHW

Resources Management Corp CT ADV decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,336 shares of the specialty chemicals company’s stock after selling 2,039 shares during the quarter. Resources Management Corp CT ADV’s holdings in Sherwin-Williams were worth $1,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in Sherwin-Williams during the fourth quarter valued at $2,496,000. Mairs & Power Inc. raised its stake in Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock valued at $160,680,000 after purchasing an additional 3,430 shares in the last quarter. Westview Management dba Westview Investment Advisors purchased a new stake in Sherwin-Williams during the fourth quarter valued at $2,655,000. Calamos Advisors LLC raised its stake in Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after purchasing an additional 9,196 shares in the last quarter. Finally, Regents Gate Capital LLP raised its stake in Sherwin-Williams by 51.9% during the third quarter. Regents Gate Capital LLP now owns 9,175 shares of the specialty chemicals company’s stock valued at $3,177,000 after purchasing an additional 3,134 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SHW. Wells Fargo & Company reduced their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their target price for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Citigroup began coverage on shares of Sherwin-Williams in a research note on Thursday, June 4th. They issued a “buy” rating and a $355.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $366.77.

Sherwin-Williams Trading Down 0.0%

Shares of SHW opened at $317.25 on Monday. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a market cap of $78.25 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.74 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $317.14 and its 200-day simple moving average is $332.06.

Sherwin-Williams (NYSE:SHW) last posted its quarterly 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. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

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.