The Sherwin-Williams Company $SHW Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,776 shares of the specialty chemicals company’s stock after selling 2,895 shares during the quarter. Townsquare Capital LLC’s holdings in Sherwin-Williams were worth $3,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after acquiring an additional 600,119 shares in the last quarter. Geode Capital Management LLC grew its position in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Capital Research Global Investors grew its position in Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after purchasing an additional 11,560 shares during the last quarter. Norges Bank purchased a new position in Sherwin-Williams during the 4th quarter worth $1,089,450,000. Finally, JPMorgan Chase & Co. grew its position in Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after purchasing an additional 12,715 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the topic of several research reports. Citigroup initiated coverage on shares of Sherwin-Williams in a research report on Thursday, June 4th. They set a “buy” rating and a $355.00 price objective on the stock. Bank of America lowered their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday. Weiss Ratings downgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $366.77.

Sherwin-Williams Stock Down 2.0%

Shares of NYSE:SHW opened at $304.28 on Thursday. The company has a market cap of $75.05 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.68 and a beta of 1.12. The firm’s 50-day simple moving average is $317.38 and its 200-day simple moving average is $332.35. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued 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 business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities research 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 announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.1%. Sherwin-Williams’s payout ratio is presently 30.71%.

Sherwin-Williams 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.