Mawer Investment Management Ltd. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,748 shares of the specialty chemicals company’s stock after selling 66,242 shares during the period. Mawer Investment Management Ltd. owned approximately 0.05% of Sherwin-Williams worth $43,338,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $31,000. Rossby Financial LCC lifted its position in Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the period. Finally, JPL Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter worth about $45,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 2.9%
NYSE SHW opened at $295.02 on Tuesday. The stock has a market cap of $72.76 billion, a PE ratio of 28.31, a P/E/G ratio of 2.63 and a beta of 1.16. The business has a 50 day moving average price of $319.29 and a two-hundred day moving average price of $333.87. The Sherwin-Williams Company has a fifty-two week low of $292.39 and a fifty-two week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.
Sherwin-Williams Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.1%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup reduced their target price on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $371.17.
Check Out Our Latest Report on Sherwin-Williams
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.
Featured Articles
- Five stocks we like better than Sherwin-Williams
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
