Empowered Funds LLC Increases Stock Position in The Sherwin-Williams Company $SHW

Empowered Funds LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 143.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 27,059 shares of the specialty chemicals company’s stock after buying an additional 15,949 shares during the period. Empowered Funds LLC’s holdings in Sherwin-Williams were worth $8,674,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Maverick Capital Ltd. increased its holdings in shares of Sherwin-Williams by 37.8% in the 1st quarter. Maverick Capital Ltd. now owns 391,839 shares of the specialty chemicals company’s stock worth $125,604,000 after purchasing an additional 107,522 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Sherwin-Williams by 29.2% during the first quarter. Quantinno Capital Management LP now owns 281,618 shares of the specialty chemicals company’s stock valued at $90,273,000 after purchasing an additional 63,606 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Sherwin-Williams by 4.1% during the first quarter. Lazard Asset Management LLC now owns 76,603 shares of the specialty chemicals company’s stock valued at $24,555,000 after purchasing an additional 3,034 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $286,000. Finally, Gateway Wealth Partners LLC bought a new stake in Sherwin-Williams in the 1st quarter worth about $724,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday. Jefferies Financial Group restated a “hold” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday. Finally, Bank of America dropped their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $384.47.

Sherwin-Williams Stock Up 0.1%

SHW stock opened at $344.33 on Friday. The company has a market cap of $83.59 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 2.63 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.53 and a current ratio of 0.73. The business’s 50-day moving average is $323.77 and its two-hundred day moving average is $332.26. 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 released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the company posted $3.38 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.98 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is 29.49%.

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.