Community Trust & Investment Co. Raises Stock Holdings in The Sherwin-Williams Company $SHW

Community Trust & Investment Co. increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,470 shares of the specialty chemicals company’s stock after purchasing an additional 2,447 shares during the quarter. Community Trust & Investment Co.’s holdings in Sherwin-Williams were worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Sherwin-Williams during the 4th quarter worth about $2,496,000. Calamos Advisors LLC grew its stake in shares of Sherwin-Williams by 5.4% during the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after buying an additional 9,196 shares during the period. Kinsale Capital Group Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth $4,805,000. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 2.7% in 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 buying an additional 600,119 shares during the period. Finally, Blueline Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $1,694,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.7%

SHW opened at $369.59 on Friday. The firm’s 50 day moving average is $329.94 and its 200-day moving average is $332.57. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $89.72 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.71 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

SHW has been the subject of a number of research reports. Guggenheim initiated coverage on Sherwin-Williams in a report on Monday. They set a “buy” rating and a $400.00 target price for the company. UBS Group reaffirmed a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday, June 8th. Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.

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.