Corient Private Wealth LP Acquires Shares of 146,875 The Sherwin-Williams Company $SHW

Corient Private Wealth LP purchased a new stake in The Sherwin-Williams Company (NYSE:SHWFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 146,875 shares of the specialty chemicals company’s stock, valued at approximately $50,572,000. Corient Private Wealth LP owned about 0.06% of Sherwin-Williams as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC boosted its position in shares of Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the first quarter worth $28,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SHW shares. Morgan Stanley reissued an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. BMO Capital Markets reissued an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $386.29.

Check Out Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Stock Performance

NYSE:SHW opened at $345.20 on Friday. 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 company has a market capitalization of $83.80 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The firm has a 50-day moving average price of $342.43 and a two-hundred day moving average price of $332.22. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business 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 of this dividend 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 is presently 29.49%.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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