Smithbridge Asset Management Inc. DE Sells 5,892 Shares of The Sherwin-Williams Company $SHW

by · The Cerbat Gem

Smithbridge Asset Management Inc. DE lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,847 shares of the specialty chemicals company’s stock after selling 5,892 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Sherwin-Williams were worth $1,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Lloyd Advisory Services LLC. purchased a new position in Sherwin-Williams in the fourth quarter worth about $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams in the 4th quarter worth $30,000. Lodestone Wealth Management LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

NYSE SHW opened at $346.05 on Thursday. The firm’s fifty day simple moving average is $317.08 and its two-hundred day simple moving average is $331.54. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The firm has a market capitalization of $85.35 billion, a P/E 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 issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.08. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared 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 of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is currently 30.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHW shares. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Citigroup initiated coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Mizuho cut their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $368.69.

Check Out Our Latest Report on Sherwin-Williams

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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