5 Best Hardware Stocks to Buy Now

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

Number of Hedge Fund Holders: 49

The Sherwin-Williams Company (NYSE: SHW) is a Cleveland-based firm that makes paints. It was founded in 1866 and is placed fourth on our list of 10 best hardware stocks to buy now. The firm makes architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, and caulks. The products made by the company are used by commercial, residential, and industrial clients. It has more than 4,000 stores in several different countries around the world. 

On April 16, investment advisory Evercore estimated that The Sherwin-Williams Company (NYSE: SHW) stock would jump more than 5% in the coming weeks as home improvement metrics showed upside after pulling back from record highs in January. On April 21, the paints firm declared a quarterly dividend of $0.55 per share. 

At the end of the fourth quarter of 2020, 49 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in the firm, down from 55 in the preceding quarter worth $1.7 billion.