Marnell Management LLC Invests $2.87 Million in The Sherwin-Williams Company $SHW

Marnell Management LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,864 shares of the specialty chemicals company’s stock, valued at approximately $2,872,000. Sherwin-Williams accounts for 1.4% of Marnell Management LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 600,119 shares during the period. State Street Corp grew its holdings in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 period. Capital Research Global Investors grew its holdings in shares of 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 period. Finally, Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter worth $1,089,450,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW opened at $317.25 on Monday. The stock’s 50-day moving average price is $317.14 and its 200 day moving average price is $332.06. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The firm has a market cap of $78.25 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.74 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the prior year, the company earned $2.25 EPS. Sherwin-Williams’s 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. As a group, sell-side analysts expect 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. Investors of record on Friday, May 22nd were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SHW shares. Citigroup started coverage on Sherwin-Williams in a report on Thursday, June 4th. They set a “buy” rating and a $355.00 price target for the company. Bank of America lowered their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Mizuho decreased their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $366.77.

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.