Balyasny Asset Management L.P. Buys 660,997 Shares of The Sherwin-Williams Company $SHW

Balyasny Asset Management L.P. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 53,827.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 662,225 shares of the specialty chemicals company’s stock after buying an additional 660,997 shares during the period. Balyasny Asset Management L.P.’s holdings in Sherwin-Williams were worth $214,581,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SHW. Brighton Jones LLC increased its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Sherwin-Williams by 11.2% in the 1st 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 in the last quarter. Jump Financial LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $1,210,000. Sei Investments Co. boosted its stake in shares of Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co boosted its stake in shares of Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 2.9%

Shares of SHW opened at $313.08 on Thursday. The stock has a market capitalization of $77.22 billion, a P/E ratio of 30.05, a PEG ratio of 2.78 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The firm has a fifty day simple moving average of $317.22 and a two-hundred day simple moving average of $331.54. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 30.71%.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Bank of America dropped their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada dropped their price target on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $366.77.

Sherwin-Williams 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.