The Sherwin-Williams Company $SHW Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,112 shares of the specialty chemicals company’s stock after selling 1,671 shares during the quarter. Truist Financial Corp’s holdings in Sherwin-Williams were worth $14,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHW. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after purchasing an additional 600,119 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of 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 purchasing an additional 11,560 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after buying an additional 12,715 shares in the last quarter. Viking Global Investors LP raised its stake in shares of Sherwin-Williams by 47.2% in the third quarter. Viking Global Investors LP now owns 2,881,091 shares of the specialty chemicals company’s stock valued at $997,607,000 after acquiring an additional 923,341 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Sherwin-Williams by 2.0% in the third quarter. Capital International Investors now owns 2,675,299 shares of the specialty chemicals company’s stock valued at $926,249,000 after purchasing an additional 52,322 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada decreased their price target 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 cut their price target on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Evercore set a $390.00 price target on Sherwin-Williams in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $375.33.

Sherwin-Williams Stock Down 1.0%

SHW stock opened at $320.31 on Friday. The stock has a market cap of $79.00 billion, a P/E ratio of 30.74, a PEG ratio of 2.80 and a beta of 1.16. 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 twelve month low of $301.58 and a twelve month high of $379.65. The company’s 50 day moving average is $328.62 and its two-hundred day moving average is $337.83.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same period last year, the firm posted $2.25 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is 30.71%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.