iA Global Asset Management Inc. Trims Stake in The Sherwin-Williams Company $SHW

iA Global Asset Management Inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,795 shares of the specialty chemicals company’s stock after selling 2,816 shares during the period. iA Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $22,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. May Hill Capital LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $303,000. Beese Fulmer Investment Management Inc. increased its holdings in Sherwin-Williams by 99.8% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 24,056 shares of the specialty chemicals company’s stock valued at $7,795,000 after buying an additional 12,016 shares during the last quarter. Qsemble Capital Management LP increased its holdings in Sherwin-Williams by 3,384.3% during the fourth quarter. Qsemble Capital Management LP now owns 39,373 shares of the specialty chemicals company’s stock valued at $12,758,000 after buying an additional 38,243 shares during the last quarter. PBCay One RSC Ltd purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $92,275,000. Finally, AlphaCore Capital LLC increased its holdings in Sherwin-Williams by 99.8% during the fourth quarter. AlphaCore Capital LLC now owns 903 shares of the specialty chemicals company’s stock valued at $293,000 after buying an additional 451 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHW. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Mizuho reduced their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada reduced 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 note on Thursday, March 19th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $375.33.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $300.43 on Friday. The stock has a market cap 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 firm has a fifty day moving average price of $323.12 and a 200-day moving average price of $336.79. The Sherwin-Williams Company has a 1 year low of $300.05 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.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. Sherwin-Williams’s quarterly revenue was up 6.9% on a year-over-year basis. 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. Equities analysts anticipate that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. 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.