Mawer Investment Management Ltd. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,748 shares of the specialty chemicals company’s stock after selling 66,242 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Sherwin-Williams were worth $43,338,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of SHW. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Lodestone Wealth Management LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $31,000. Rossby Financial LCC grew its stake in Sherwin-Williams by 96.0% during the 3rd 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 in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Price Performance
Shares of NYSE SHW opened at $295.02 on Tuesday. The Sherwin-Williams Company has a 1-year low of $292.39 and a 1-year high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The business’s fifty day moving average price is $319.29 and its two-hundred day moving average price is $333.87. The firm has a market capitalization of $72.76 billion, a PE ratio of 28.31, a P/E/G ratio of 2.63 and a beta of 1.16.
Sherwin-Williams Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective 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. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $330.00 target price for the company. in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $371.17.
View Our Latest Analysis on Sherwin-Williams
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.
Featured Articles
- Five stocks we like better than Sherwin-Williams
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
