Barclays PLC Decreases Stake in The Sherwin-Williams Company $SHW

Barclays PLC lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 21.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,544,692 shares of the specialty chemicals company’s stock after selling 429,482 shares during the period. Barclays PLC’s holdings in Sherwin-Williams were worth $500,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Norges Bank purchased a new position in Sherwin-Williams in the 4th quarter valued at $1,089,450,000. Viking Global Investors LP lifted its holdings in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after purchasing an additional 985,520 shares in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sherwin-Williams by 34.0% in the 4th 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 valued at $655,820,000 after purchasing an additional 513,126 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sherwin-Williams by 88.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 994,583 shares of the specialty chemicals company’s stock valued at $322,275,000 after purchasing an additional 466,747 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHW. Bank of America cut their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Mizuho cut their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Wells Fargo & Company cut their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.77.

Sherwin-Williams Stock Up 0.1%

Shares of SHW opened at $317.25 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 market capitalization of $78.24 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. The stock has a fifty day simple moving average of $317.14 and a two-hundred day simple moving average of $332.10. 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 issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

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.