Sterling Capital Management LLC Acquires 4,419 Shares of The Sherwin-Williams Company $SHW

Sterling Capital Management LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 47.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,739 shares of the specialty chemicals company’s stock after purchasing an additional 4,419 shares during the period. Sterling Capital Management LLC’s holdings in Sherwin-Williams were worth $4,404,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SHW. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the 4th quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams in the 4th quarter valued at $30,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at $31,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at $33,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SHW. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Mizuho decreased their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the company from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Citigroup started coverage on shares of Sherwin-Williams in a report on Wednesday. They set an “overweight” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $368.69.

Sherwin-Williams Stock Up 1.7%

Shares of NYSE SHW opened at $344.84 on Friday. The company has a market cap of $85.05 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.97 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 Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The stock has a 50-day moving average price of $316.88 and a two-hundred day moving average price of $331.11.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.80 dividend. The ex-dividend date 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 (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.