Manning & Napier Advisors LLC Sells 14,695 Shares of The Sherwin-Williams Company $SHW

Key Points

• Manning & Napier Advisors reduced its Sherwin-Williams stake by 7.5% in the fourth quarter, selling 14,695 shares and leaving it with 181,411 shares worth about $59.2 million.
• Sherwin-Williams reported better-than-expected quarterly results, posting EPS of $2.35 versus estimates of $2.27 and revenue of $5.67 billion, up 6.9% year over year.
• The company declared a quarterly dividend of $0.80 per share, payable June 5, with a 1.0% yield and a payout ratio of 30.71%.

Manning & Napier Advisors LLC lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,411 shares of the specialty chemicals company's stock after selling 14,695 shares during the period. Manning & Napier Advisors LLC owned 0.07% of Sherwin-Williams worth $59,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Nordea Investment Management AB lifted its holdings in shares of Sherwin-Williams by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company's stock valued at $43,536,000 after purchasing an additional 17,422 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Sherwin-Williams by 26.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company's stock worth $10,709,000 after purchasing an additional 6,408 shares in the last quarter. Mairs & Power Inc. grew its stake in Sherwin-Williams by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company's stock worth $160,680,000 after buying an additional 3,430 shares during the last quarter. Inscription Capital LLC acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $1,069,000. Finally, Westview Management dba Westview Investment Advisors acquired a new position in Sherwin-Williams during the 4th quarter valued at about $2,655,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $316.52 on Friday. 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 50-day moving average of $328.62 and a two-hundred day moving average of $337.83. The stock has a market cap of $78.07 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.77 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $301.58 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The company's 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, research analysts predict that The Sherwin-Williams Company will post 11.74 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 22nd. Sherwin-Williams's dividend payout ratio is 30.71%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the transaction, the senior vice president directly owned 10,045 shares of the company's stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHW shares. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price target for the company. in a report on Thursday, January 22nd. Citigroup cut their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Zacks Research upgraded shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Finally, UBS Group cut their price target on shares of Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $375.33.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.