The Sherwin-Williams Company $SHW Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,744 shares of the specialty chemicals company's stock after purchasing an additional 8,018 shares during the period. Assenagon Asset Management S.A. owned about 0.09% of Sherwin-Williams worth $76,007,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC increased its holdings in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams in the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams during the first quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Citigroup restated a "buy" rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Evercore reiterated an "outperform" rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a report on Monday, June 8th. Finally, The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target of $385.44.

Sherwin-Williams Price Performance

SHW opened at $369.59 on Friday. The stock has a fifty day moving average price of $329.94 and a 200 day moving average price of $332.57. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The stock has a market cap of $89.72 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.71 and a beta of 1.10.

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

Sherwin-Williams Dividend Announcement

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