The Sherwin-Williams Company $SHW Holdings Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 83.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,252 shares of the specialty chemicals company’s stock after selling 162,227 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sherwin-Williams were worth $10,103,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $5,473,000. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth $6,100,083,000. William John Sempolinski purchased a new position in shares of Sherwin-Williams in the second quarter worth $2,456,000. Royal Bank of Canada raised its stake in shares of Sherwin-Williams by 9.8% in the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock worth $309,832,000 after purchasing an additional 86,254 shares during the last quarter. Finally, Milestone Asset Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth $3,153,000. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Karl Jorgenrud sold 7,886 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHW. Guggenheim started coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. KeyCorp assumed coverage on Sherwin-Williams in a report on Thursday, September 10th. They issued a “sector weight” rating for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a research report on Friday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.

Sherwin-Williams Trading Down 0.6%

NYSE:SHW opened at $334.80 on Friday. The company has a market cap of $81.28 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The company has a 50 day simple moving average of $333.46 and a two-hundred day simple moving average of $328.33. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is presently 29.49%.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.