NewEdge Wealth LLC Sells 3,050 Shares of The Sherwin-Williams Company $SHW

NewEdge Wealth LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 43.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,924 shares of the specialty chemicals company’s stock after selling 3,050 shares during the period. NewEdge Wealth LLC’s holdings in Sherwin-Williams were worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Wilkerson Advisory Group LLC boosted its position in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares during the period. Lloyd Advisory Services LLC. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new stake in Sherwin-Williams during the 1st quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $30,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday, June 8th. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.92.

Sherwin-Williams Price Performance

SHW opened at $317.59 on Monday. 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 capitalization of $78.33 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The stock’s 50 day moving average price is $320.72 and its 200-day moving average price is $332.22. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio 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.