Freestone Grove Partners LP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 318,764 shares of the specialty chemicals company’s stock, valued at approximately $109,757,000. Sherwin-Williams makes up about 0.7% of Freestone Grove Partners LP’s investment portfolio, making the stock its 22nd largest position.
Several other large investors have also recently added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC boosted its position in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams in the 4th quarter worth about $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth about $28,000. Finally, Tacita Capital Inc acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Insiders Place Their Bets
In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were 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 $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction dated 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 sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on SHW
Sherwin-Williams Stock Down 0.5%
Shares of SHW stock opened at $348.57 on Thursday. The stock’s 50 day simple moving average is $341.95 and its 200 day simple moving average is $332.34. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $84.62 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.61 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.
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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