Truist Financial Corp Cuts Stake in The Sherwin-Williams Company $SHW

Truist Financial Corp lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,112 shares of the specialty chemicals company’s stock after selling 1,671 shares during the period. Truist Financial Corp’s holdings in Sherwin-Williams were worth $14,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Modera Wealth Management LLC increased its holdings in Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Sherwin-Williams by 0.6% in the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after buying an additional 29 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of Sherwin-Williams by 2.8% during the 4th quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after buying an additional 29 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Sherwin-Williams by 1.4% in the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 30 shares during the last quarter. Finally, Field & Main Bank grew its position in Sherwin-Williams by 1.9% in the third quarter. Field & Main Bank now owns 1,835 shares of the specialty chemicals company’s stock worth $635,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.0%

Shares of NYSE SHW opened at $320.31 on Friday. The Sherwin-Williams Company has a 52-week low of $301.58 and a 52-week high of $379.65. The firm has a market capitalization of $79.00 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.80 and a beta of 1.16. The stock has a 50 day moving average price of $328.62 and a 200 day moving average price of $337.83. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.Sherwin-Williams’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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 1.0%. Sherwin-Williams’s payout ratio is presently 30.71%.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Citigroup dropped their price target on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Royal Bank Of Canada reduced their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.33.

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.