Living Off Dividends in Retirement: 5 Best Stocks To Consider

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1. The Sherwin-Williams Company (NYSE:SHW)

Dividend Yield as of May 13: 0.88%

Number of Hedge Fund Holders: 53

The Sherwin-Williams Company (NYSE:SHW) is an American seller of paints and coatings to professional, industrial, commercial, and retail customers. 2022 marks the 43rd consecutive year of dividend increases at the company. On April 20, The Sherwin-Williams Company (NYSE:SHW) declared a $0.60 per share quarterly dividend. The dividend is payable on June 3, to shareholders of the company as of May 20.

On April 26, The Sherwin-Williams Company (NYSE:SHW) reported its Q1 results, posting earnings per share of $1.61, beating market consensus by $0.08. The revenue of $5 billion outperformed analysts’ forecasts by $81 million. 

RBC Capital analyst Arun Viswanathan on April 28 raised the price target on The Sherwin-Williams Company (NYSE:SHW) to $342 from $315 and maintained an Outperform rating on the shares. The analyst cited The Sherwin-Williams Company (NYSE:SHW)’s Q1 earnings beat, noting the improving availability of raw materials and guided inflation. The higher price target reflects the company’s pricing power, favorable volume outlook, and ability to repurchase shares to support the stock price, the analyst added. 

According to Insider Monkey’s fourth quarter database, 53 hedge funds held long positions in The Sherwin-Williams Company (NYSE:SHW), up from 44 funds in Q3. At the end of the first quarter of 2022, billionaire Richard Chilton’s Chilton Investment Company revealed a prominent position in The Sherwin-Williams Company (NYSE:SHW), with 1.2 million shares worth more than $311 million. 

You can also take a look at 10 Best Value ETFs to Invest in Now and 10 Best Undervalued Large-Cap Stocks According to Hedge Funds.

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