The Sherwin-Williams Company $SHW Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.9% during the 1st quarter, Holdings Channel reports. The fund owned 56,196 shares of the specialty chemicals company’s stock after selling 4,815 shares during the quarter. Kestra Advisory Services LLC’s holdings in Sherwin-Williams were worth $18,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Fideuram Asset Management Ireland dac acquired a new stake in Sherwin-Williams during the fourth quarter worth $2,496,000. Mairs & Power Inc. raised its position in Sherwin-Williams by 0.7% in the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock valued at $160,680,000 after purchasing an additional 3,430 shares during the period. Westview Management dba Westview Investment Advisors acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $2,655,000. Calamos Advisors LLC lifted its stake in shares of Sherwin-Williams by 5.4% in the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after purchasing an additional 9,196 shares during the last quarter. Finally, Kinsale Capital Group Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter worth $4,805,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the company from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday. Finally, Citigroup initiated coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Trading Up 0.7%

NYSE SHW traded up $2.28 during trading on Friday, hitting $334.31. The stock had a trading volume of 1,081,483 shares, compared to its average volume of 2,600,526. 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 company has a market capitalization of $82.45 billion, a PE ratio of 32.08, a PEG ratio of 2.88 and a beta of 1.10. The firm has a 50 day moving average price of $318.45 and a 200 day moving average price of $332.24. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS 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%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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