QRG Capital Management Inc. Boosts Holdings in The Sherwin-Williams Company $SHW

QRG Capital Management Inc. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 25,311 shares of the specialty chemicals company’s stock after buying an additional 2,328 shares during the quarter. QRG Capital Management Inc.’s holdings in Sherwin-Williams were worth $8,113,000 as of its most recent SEC filing.

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

Sherwin-Williams Stock Performance

NYSE:SHW opened at $351.72 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month 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 firm has a market capitalization of $86.75 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10. The business’s fifty day moving average price is $317.77 and its 200 day moving average price is $331.84.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the previous year, the business earned $2.25 EPS. Sherwin-Williams’s revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is presently 30.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SHW shares. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Royal Bank Of Canada cut their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. BMO Capital Markets set a $355.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company decreased their price target on shares of 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. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $368.69.

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.