The Sherwin-Williams Company $SHW Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 22.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,709 shares of the specialty chemicals company's stock after purchasing an additional 48,540 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of Sherwin-Williams worth $85,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SHW. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. State Street Corp raised its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company's stock worth $5,067,497,000 after buying an additional 364,832 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company's stock valued at $1,687,498,000 after buying an additional 37,145 shares during the period. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $1,089,450,000. Finally, Viking Global Investors LP lifted its holdings in Sherwin-Williams by 10.1% in the 4th quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company's stock valued at $1,027,923,000 after acquiring an additional 291,217 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Bank of America decreased their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $385.00 to $365.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Evercore restated an "outperform" rating on shares of Sherwin-Williams in a report on Friday, May 8th. UBS Group lowered Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their target price for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating for the company in a report on Monday, March 23rd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $374.38.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $331.57 on Friday. 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 company has a market cap of $81.78 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. The firm has a fifty day moving average price of $319.72 and a two-hundred day moving average price of $332.48. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.08. The company 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 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Analysts expect that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

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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