The Sherwin-Williams Company $SHW Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,044,274 shares of the specialty chemicals company’s stock after selling 198,785 shares during the period. Parnassus Investments LLC’s holdings in Sherwin-Williams were worth $338,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Norges Bank acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $1,089,450,000. Viking Global Investors LP boosted its position in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the period. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Sherwin-Williams by 424.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after buying an additional 443,119 shares during the period. Finally, Capital World Investors boosted its position in shares of Sherwin-Williams by 37.2% during the fourth quarter. Capital World Investors now owns 1,323,131 shares of the specialty chemicals company’s stock worth $428,764,000 after buying an additional 358,857 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SHW shares. Weiss Ratings lowered shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reduced 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 note on Thursday, March 19th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Citigroup started coverage on shares of Sherwin-Williams in a research note on Thursday, June 4th. They issued a “buy” rating and a $355.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $366.77.

Sherwin-Williams Trading Up 4.2%

Shares of NYSE:SHW opened at $316.79 on Friday. The company has a 50 day moving average of $317.31 and a 200-day moving average of $332.21. The firm has a market cap of $78.13 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.62 and a beta of 1.12. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS 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 analyst estimates of $5.56 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The business’s quarterly 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. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.78 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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