Pictet Asset Management Holding SA Has $34.17 Million Position in The Sherwin-Williams Company $SHW

Pictet Asset Management Holding SA lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 23.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,595 shares of the specialty chemicals company’s stock after selling 32,885 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sherwin-Williams were worth $34,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of 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 period. State Street Corp lifted its position in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after buying an additional 364,832 shares during the period. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after buying an additional 37,145 shares during the period. Capital Research Global Investors boosted its stake in Sherwin-Williams by 0.3% in the 3rd 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 buying an additional 11,560 shares in the last quarter. Finally, Norges Bank bought a new stake in Sherwin-Williams in the fourth quarter valued at $1,089,450,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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 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. 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.

Sherwin-Williams (NYSE:SHW) last announced its 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 during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.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 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 30.71%.

Analyst Upgrades and Downgrades

Several research firms have 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. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Bank of America lowered their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Royal Bank Of Canada cut their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Finally, BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $368.69.

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.