Lansforsakringar Fondforvaltning AB publ Sells 1,643 Shares of The Sherwin-Williams Company $SHW

Lansforsakringar Fondforvaltning AB publ trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,007 shares of the specialty chemicals company’s stock after selling 1,643 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Sherwin-Williams were worth $23,723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new position in Sherwin-Williams in the 4th quarter valued at about $30,000. Lodestone Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Mizuho lowered their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research report on Monday, June 8th. Bank of America cut their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Finally, Citigroup began coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They issued 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $368.69.

Sherwin-Williams Trading Down 0.1%

Shares of SHW opened at $344.01 on Wednesday. The stock has a fifty day moving average price of $317.04 and a two-hundred day moving average price of $331.42. The company has a market cap of $84.85 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.97 and a beta of 1.12. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65.

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. 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 during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the company posted $2.25 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts predict that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

Sherwin-Williams 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.