Sterling Capital Management LLC Purchases 4,419 Shares of The Sherwin-Williams Company $SHW

Sterling Capital Management LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 47.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,739 shares of the specialty chemicals company’s stock after purchasing an additional 4,419 shares during the quarter. Sterling Capital Management LLC’s holdings in Sherwin-Williams were worth $4,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $30,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 1.7%

Shares of Sherwin-Williams stock opened at $344.84 on Friday. The firm has a market cap of $85.05 billion, a PE ratio of 33.09, a P/E/G ratio of 2.97 and a beta of 1.12. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The stock has a fifty day moving average price of $316.88 and a 200-day moving average price of $331.11.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.27 by $0.08. The business had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Mizuho cut their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Wells Fargo & Company reduced their price target on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Finally, BMO Capital Markets set a $355.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $368.69.

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.