Legal & General Group Plc bought a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,334,957 shares of the specialty chemicals company’s stock, valued at approximately $459,652,000. Legal & General Group Plc owned approximately 0.55% of Sherwin-Williams at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter worth $6,100,083,000. Norges Bank bought a new position in Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Bank of New York Mellon Corp bought a new position in Sherwin-Williams in the second quarter valued at about $547,097,000. Viking Global Investors LP raised its stake in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sherwin-Williams during the second quarter worth about $297,600,000. Institutional investors own 77.67% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SHW. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Monday. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday, June 8th. Guggenheim began coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.29.
Sherwin-Williams Stock Performance
Shares of SHW stock opened at $350.27 on Wednesday. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.58 and a beta of 1.10. 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 business’s 50-day moving average price is $341.24 and its 200-day moving average price is $332.43. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is 29.49%.
Insider Buying and Selling at Sherwin-Williams
In other news, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by company insiders.
Sherwin-Williams Company 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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