Sherwin-Williams (NYSE:SHW) Reaches New 1-Year Low – Here’s What Happened

The Sherwin-Williams Company (NYSE:SHW) hit a new 52-week low during trading on Friday . The stock traded as low as $300.92 and last traded at $300.67, with a volume of 465084 shares. The stock had previously closed at $309.18.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SHW shares. Citigroup cut their price target on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $375.33.

Sherwin-Williams Stock Performance

The firm’s 50-day moving average price is $324.06 and its two-hundred day moving average price is $337.04. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.65 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the company posted $2.25 EPS. The company’s 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. On average, analysts expect that The Sherwin-Williams Company will post 11.74 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is owned by insiders.

Institutional Trading of Sherwin-Williams

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 2.7% during the fourth 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 in the last quarter. State Street Corp lifted its position in shares of Sherwin-Williams by 2.4% during the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 0.7% during the fourth 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 in the last quarter. Capital Research Global Investors lifted its position in shares of Sherwin-Williams by 0.3% during the third 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $1,089,450,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.