Cypress Capital Group Sells 1,671 Shares of The Sherwin-Williams Company $SHW

Cypress Capital Group decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,965 shares of the specialty chemicals company’s stock after selling 1,671 shares during the period. Cypress Capital Group’s holdings in Sherwin-Williams were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SHW. Norges Bank acquired a new stake in Sherwin-Williams during the 4th quarter valued at $1,089,450,000. Viking Global Investors LP raised its position in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after purchasing an additional 660,997 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Sherwin-Williams by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after purchasing an additional 513,126 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SHW shares. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Bank of America decreased their price objective 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. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Citigroup began coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $373.92.

Sherwin-Williams Stock Up 2.3%

Shares of SHW opened at $317.59 on Friday. The business’s fifty day moving average price is $320.72 and its two-hundred day moving average price is $332.22. The firm has a market capitalization of $78.33 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.47 and a beta of 1.10. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share 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 quarter in the previous year, the company posted $2.25 earnings per share. The firm’s quarterly 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. On average, analysts predict that The Sherwin-Williams Company will post 11.78 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 30.71%.

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.