Bank of America Corp DE Acquires 71,237 Shares of The Sherwin-Williams Company $SHW

Key Points

• Bank of America increased its Sherwin-Williams stake by 6.8% in the first quarter, adding 71,237 shares to hold 1.12 million shares valued at approximately $359.5 million. Institutional investors and hedge funds collectively own 77.67% of the company.
• Sherwin-Williams reported quarterly earnings of $3.70 per share, beating estimates of $3.52, while revenue rose 7.5% year over year to $6.79 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $384.47.
• The company declared a quarterly dividend of $0.80 per share, equivalent to $3.20 annually and a 0.9% yield, with payment scheduled for September 11 to shareholders of record as of August 21.

Bank of America Corp DE raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,121,651 shares of the specialty chemicals company's stock after acquiring an additional 71,237 shares during the period. Bank of America Corp DE owned approximately 0.45% of Sherwin-Williams worth $359,545,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SHW. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,089,450,000. Viking Global Investors LP boosted 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 buying an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings 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 worth $214,581,000 after buying an additional 660,997 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Sherwin-Williams by 2.7% during the 4th 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 513,126 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an "equal weight" rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research report on Monday, June 8th. Finally, UBS Group reissued a "neutral" rating and issued a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $384.47.

Sherwin-Williams Trading Up 0.1%

SHW opened at $341.19 on Monday. The stock has a market capitalization of $82.83 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.54 and a beta of 1.10. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The firm's fifty day simple moving average is $324.40 and its 200 day simple moving average is $332.14. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's dividend payout ratio is currently 29.49%.

Sherwin-Williams 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.

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