ShankerValleau Wealth Advisors Inc. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,590 shares of the specialty chemicals company’s stock, valued at approximately $514,000. Sherwin-Williams makes up approximately 0.1% of ShankerValleau Wealth Advisors Inc.’s investment portfolio, making the stock its 25th biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC boosted its stake in Sherwin-Williams by 12.9% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,981 shares of the specialty chemicals company’s stock worth $1,934,000 after acquiring an additional 683 shares in the last quarter. Pension & Wealth Management Advisors Inc. grew its holdings in Sherwin-Williams by 52.7% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 449 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 155 shares during the period. Milestone Asset Management LLC purchased a new stake in Sherwin-Williams in the third quarter worth about $3,153,000. Ellsworth Advisors LLC increased its stake in shares of Sherwin-Williams by 1.1% during the third quarter. Ellsworth Advisors LLC now owns 3,706 shares of the specialty chemicals company’s stock valued at $1,198,000 after purchasing an additional 39 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Sherwin-Williams by 7.4% during the third quarter. V Square Quantitative Management LLC now owns 2,464 shares of the specialty chemicals company’s stock valued at $797,000 after purchasing an additional 169 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SHW. BNP Paribas Exane lifted their target price on shares of Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating and issued a $375.00 price target (up from $360.00) on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Barclays set a $348.00 price objective on Sherwin-Williams and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Mizuho set a $396.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $382.08.
Read Our Latest Report on Sherwin-Williams
Sherwin-Williams Stock Down 0.6%
NYSE:SHW traded down $2.12 on Friday, reaching $334.80. 1,792,917 shares of the stock traded hands, compared to its average volume of 1,675,456. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.51 and a beta of 1.08. 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 Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The company’s fifty day simple moving average is $333.46 and its 200 day simple moving average is $328.33.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12.09 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.
Insider Buying and Selling
In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the 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 sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Justin Binns sold 13,500 shares of Sherwin-Williams 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 completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by insiders.
About Sherwin-Williams
The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.
Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.
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