The Sherwin-Williams Company $SHW Stock Position Reduced by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,010 shares of the specialty chemicals company’s stock after selling 5,332 shares during the quarter. Sherwin-Williams accounts for about 1.0% of Carnegie Investment Counsel’s holdings, making the stock its 20th biggest position. Carnegie Investment Counsel’s holdings in Sherwin-Williams were worth $49,047,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares in the last quarter. State Street Corp raised its holdings in shares of Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after acquiring an additional 364,832 shares in the last quarter. Geode Capital Management LLC boosted its position in Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Norges Bank acquired a new stake in Sherwin-Williams during the fourth quarter valued at $1,089,450,000. Finally, Viking Global Investors LP grew its stake in Sherwin-Williams by 10.1% in the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after purchasing an additional 291,217 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHW. Mizuho cut their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday. Finally, Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $374.38.

Sherwin-Williams Stock Up 0.7%

Shares of NYSE SHW traded up $2.28 during mid-day trading on Friday, reaching $334.31. 1,081,483 shares of the company traded hands, compared to its average volume of 2,600,526. The company’s fifty day moving average is $318.45 and its two-hundred day moving average is $332.24. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The stock has a market cap of $82.45 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced 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 return on equity of 64.55% and a net margin of 10.86%.The firm 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 business earned $2.25 earnings per share. 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. On average, analysts expect that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.80 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.

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.