OP Asset Management Ltd Invests $7.72 Million in The Sherwin-Williams Company $SHW

OP Asset Management Ltd purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the first quarter, Holdings Channel reports. The fund purchased 24,099 shares of the specialty chemicals company’s stock, valued at approximately $7,725,000.

Several other hedge funds have also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,496,000. Mairs & Power Inc. boosted its position 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 worth $160,680,000 after purchasing an additional 3,430 shares during the period. Westview Management dba Westview Investment Advisors acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $2,655,000. Regents Gate Capital LLP grew its holdings 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 during the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Sherwin-Williams by 5.4% in 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 during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $339.10 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company has a market cap of $83.64 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.88 and a beta of 1.12. The business’s 50 day moving average is $316.55 and its two-hundred day moving average is $331.02. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.Sherwin-Williams’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 30.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. UBS Group lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research report on Monday, June 8th. Finally, Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.69.

Sherwin-Williams Company 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.