The Sherwin-Williams Company $SHW Shares Sold by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel trimmed its Sherwin-Williams stake by 3.4% in the first quarter, selling 5,332 shares and leaving it with 153,010 shares valued at about $49 million.
• Institutional ownership remains high, with hedge funds and other institutions holding 77.67% of Sherwin-Williams stock; several firms recently increased their positions, including Fifth Third Bancorp and SFE Investment Counsel.
• Analysts remain generally positive on Sherwin-Williams, with a consensus rating of “Moderate Buy” and an average price target of $374.38, while the company also reported stronger-than-expected quarterly earnings and revenue.

Carnegie Investment Counsel lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,010 shares of the specialty chemicals company's stock after selling 5,332 shares during the period. Sherwin-Williams accounts for 1.0% of Carnegie Investment Counsel's portfolio, making the stock its 20th biggest holding. Carnegie Investment Counsel owned about 0.06% of Sherwin-Williams worth $49,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. SFE Investment Counsel boosted its holdings in shares of Sherwin-Williams by 17.6% in the first quarter. SFE Investment Counsel now owns 3,278 shares of the specialty chemicals company's stock valued at $1,051,000 after acquiring an additional 490 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Sherwin-Williams by 1.9% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,812 shares of the specialty chemicals company's stock valued at $901,000 after acquiring an additional 52 shares during the period. Midwest Trust Co raised its holdings in Sherwin-Williams by 0.7% during the first quarter. Midwest Trust Co now owns 26,379 shares of the specialty chemicals company's stock worth $8,456,000 after purchasing an additional 192 shares in the last quarter. Fifth Third Bancorp lifted its position in Sherwin-Williams by 30.2% in the first quarter. Fifth Third Bancorp now owns 387,017 shares of the specialty chemicals company's stock worth $124,058,000 after purchasing an additional 89,873 shares during the period. Finally, Simplicity Wealth LLC bought a new position in Sherwin-Williams during the 1st quarter valued at $208,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings raised Sherwin-Williams from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 2nd. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Citigroup initiated coverage on Sherwin-Williams in a report on Wednesday, June 24th. They set an "overweight" rating on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday. Finally, Bank of America cut their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating for the company in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $374.38.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $2.28 during mid-day trading on Friday, reaching $334.31. The company had a trading volume of 1,081,483 shares, compared to its average volume of 2,600,526. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The stock has a market cap of $82.45 billion, a PE ratio of 32.08, a P/E/G ratio of 2.88 and a beta of 1.10. The company has a 50-day moving average price of $318.45 and a two-hundred day moving average price of $332.24. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating 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 business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the business posted $2.25 earnings per share. Sherwin-Williams's revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm 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. The ex-dividend date was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams's payout ratio is currently 30.71%.

About Sherwin-Williams

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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