CIBC Asset Management Inc Grows Holdings in The Sherwin-Williams Company $SHW

CIBC Asset Management Inc grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,796 shares of the specialty chemicals company’s stock after purchasing an additional 20,764 shares during the period. CIBC Asset Management Inc’s holdings in Sherwin-Williams were worth $17,756,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC increased its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the last quarter. Jump Financial LLC purchased a new position in Sherwin-Williams during the second quarter worth about $1,210,000. Sei Investments Co. boosted its stake in Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after buying an additional 59,831 shares during the last quarter. Finally, Glenview Trust co boosted its stake in Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $300.24 on Friday. 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 Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The firm has a market capitalization of $74.05 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.56 and a beta of 1.12. The business’s 50-day simple moving average is $318.45 and its 200-day simple moving average is $332.98.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the company earned $2.25 EPS. The company’s 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. Equities analysts predict that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders 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 annualized dividend and a dividend yield of 1.1%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Citigroup assumed coverage on shares of Sherwin-Williams in a research report on Thursday. They issued a “buy” rating and a $355.00 target price on the stock. Wells Fargo & Company dropped 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 research report on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, UBS Group lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price target for the company from $385.00 to $330.00 in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $365.67.

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.