State Street Corp Has $5.07 Billion Position in The Sherwin-Williams Company $SHW

State Street Corp increased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,638,974 shares of the specialty chemicals company’s stock after buying an additional 364,832 shares during the period. State Street Corp owned 6.31% of Sherwin-Williams worth $5,067,497,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $27,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $31,000. Rossby Financial LCC increased its holdings in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $317.25 on Friday. 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 stock has a fifty day moving average price of $317.14 and a two-hundred day moving average price of $332.10. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The firm has a market capitalization of $78.25 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.73 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating 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 analyst estimates of $5.56 billion. During the same period last year, the company posted $2.25 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.78 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 30.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHW. Wells Fargo & Company decreased their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Mizuho decreased their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. One investment 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 data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $366.77.

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.