Community Trust & Investment Co. Boosts Holdings in The Sherwin-Williams Company $SHW

Community Trust & Investment Co. raised its position in The Sherwin-Williams Company (NYSE:SHW) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,470 shares of the specialty chemicals company’s stock after buying an additional 2,447 shares during the quarter. Community Trust & Investment Co.’s holdings in Sherwin-Williams were worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Sherwin-Williams during the 4th quarter worth $1,089,450,000. Viking Global Investors LP boosted its stake in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Sherwin-Williams by 53,827.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after buying an additional 660,997 shares during the period. Vanguard Group Inc. grew its holdings 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 buying an additional 600,119 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Sherwin-Williams by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after buying an additional 513,126 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 1.7%

NYSE:SHW opened at $369.59 on Friday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The stock has a fifty day simple moving average of $329.94 and a 200-day simple moving average of $332.57. The company has a market capitalization of $89.72 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the prior year, the company earned $3.38 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

Several research firms have commented on SHW. Jefferies Financial Group reaffirmed a “hold” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Guggenheim assumed coverage on Sherwin-Williams in a report on Monday. They issued a “buy” rating and a $400.00 target price on the stock. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Bank of America decreased their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $385.44.

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.