Swiss Life Asset Management Ltd Raises Stock Holdings in The Sherwin-Williams Company $SHW

Swiss Life Asset Management Ltd raised its position in The Sherwin-Williams Company (NYSE:SHW) by 10.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,517 shares of the specialty chemicals company’s stock after purchasing an additional 4,450 shares during the period. Swiss Life Asset Management Ltd’s holdings in Sherwin-Williams were worth $15,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Viking Global Investors LP lifted its stake in Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Sherwin-Williams by 424.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock valued at $177,433,000 after buying an additional 443,119 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Sherwin-Williams in the third quarter valued at approximately $104,826,000. Finally, Amundi lifted its stake in Sherwin-Williams by 14.0% in the third quarter. Amundi now owns 1,897,769 shares of the specialty chemicals company’s stock valued at $639,377,000 after buying an additional 232,436 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.3%

Shares of SHW stock opened at $312.61 on Tuesday. The business’s fifty day moving average price is $326.85 and its 200 day moving average price is $337.55. The Sherwin-Williams Company has a 1-year low of $301.58 and a 1-year high of $379.65. The firm has a market capitalization of $77.10 billion, a PE ratio of 30.00, a P/E/G ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

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

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is currently 30.71%.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. Wells Fargo & Company cut their price target on 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. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup cut their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, UBS Group cut their price target on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.33.

Insiders Place Their Bets

In other Sherwin-Williams 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 sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

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.