5,938 Shares in The Sherwin-Williams Company $SHW Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,938 shares of the specialty chemicals company’s stock, valued at approximately $1,903,000.

Other hedge funds have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new position in Sherwin-Williams during the 4th quarter valued at about $2,496,000. Mairs & Power Inc. increased its position in Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after buying an additional 3,430 shares during the period. Westview Management dba Westview Investment Advisors purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $2,655,000. Calamos Advisors LLC lifted its stake in Sherwin-Williams by 5.4% in the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after buying an additional 9,196 shares during the last quarter. Finally, Kinsale Capital Group Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $4,805,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.7%

NYSE:SHW opened at $328.30 on Tuesday. The company has a market capitalization of $80.97 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The stock has a fifty day simple moving average of $318.58 and a 200-day simple moving average of $332.33. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

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, beating 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 earned $2.25 EPS. Sherwin-Williams’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, equities research analysts expect that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

SHW has been the subject of several research reports. UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price target for the company from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Bank of America cut their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $374.38.

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.