Stock Yards Bank & Trust Co. Sells 2,076 Shares of The Sherwin-Williams Company $SHW

by · The Markets Daily

Stock Yards Bank & Trust Co. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,047 shares of the specialty chemicals company’s stock after selling 2,076 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Sherwin-Williams were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $1,089,450,000. Viking Global Investors LP raised its holdings in 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 acquiring an additional 985,520 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Sherwin-Williams by 53,827.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after purchasing an additional 660,997 shares during the last quarter. Vanguard Group Inc. grew its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sherwin-Williams by 34.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock worth $655,820,000 after purchasing an additional 513,126 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho cut their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Citigroup assumed coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $368.69.

View Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Trading Up 0.5%

Shares of Sherwin-Williams stock opened at $346.05 on Thursday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The business has a fifty day simple moving average of $317.08 and a two-hundred day simple moving average of $331.54. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The company has a market capitalization of $85.35 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.97 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Sherwin-Williams Company Profile

(Free Report)

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.

See Also

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