iA Global Asset Management Inc. Sells 2,816 Shares of The Sherwin-Williams Company $SHW

iA Global Asset Management Inc. lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,795 shares of the specialty chemicals company’s stock after selling 2,816 shares during the quarter. iA Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $22,292,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the fourth quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams during the fourth quarter valued at $31,000. Rossby Financial LCC lifted its position in Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. JPL Wealth Management LLC bought a new position in Sherwin-Williams during the third quarter valued at $45,000. Finally, Avalon Trust Co lifted its position in Sherwin-Williams by 677.3% during the third quarter. Avalon Trust Co now owns 171 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

SHW has been the subject of several research reports. UBS Group lowered their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings lowered shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Royal Bank Of Canada lowered their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Citigroup lowered their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $375.33.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $300.43 on Friday. The firm has a 50-day moving average price of $323.12 and a 200-day moving average price of $336.79. The firm has a market capitalization of $74.10 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 2.60 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 12-month low of $300.05 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. During the same quarter last year, the business earned $2.25 EPS. The business’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. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued 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 yield of 1.1%. 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.