SEB Asset Management AB Takes Position in The Sherwin-Williams Company $SHW

Key Points

• SEB Asset Management AB opened a new position in Sherwin-Williams during the first quarter, buying 52,419 shares valued at about $16.8 million.
• Sherwin-Williams shares were down 2.2% to $323.98, while the company remains a large-cap stock with a market value of about $79.9 billion.
• The company recently beat quarterly earnings and revenue expectations, reporting $2.35 EPS on $5.67 billion in revenue, and it continues to pay a $0.80 quarterly dividend with a roughly 1.0% yield.

SEB Asset Management AB purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 52,419 shares of the specialty chemicals company's stock, valued at approximately $16,803,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $30,000. Finally, Lodestone Wealth Management LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $31,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 2.2%

Shares of NYSE:SHW opened at $323.98 on Tuesday. The company has a market cap of $79.91 billion, a P/E ratio of 31.09, a PEG ratio of 2.86 and a beta of 1.10. 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 Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The stock's fifty day moving average price is $319.95 and its 200-day moving average price is $332.52.

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, topping the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period last year, the company earned $2.25 EPS. Sherwin-Williams's revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.78 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams's dividend payout ratio (DPR) is presently 30.71%.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. UBS Group lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $385.00 to $330.00 in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Citigroup initiated coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They set an "overweight" rating for the company. Wells Fargo & Company dropped their price target on Sherwin-Williams from $365.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 29th. Finally, Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average target price of $374.38.

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.

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.