NorthCrest Asset Manangement LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,804 shares of the specialty chemicals company’s stock, valued at approximately $579,000.
A number of other institutional investors also recently modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $5,473,000. BlackRock Inc. acquired a new position in Sherwin-Williams during the second quarter worth $6,100,083,000. William John Sempolinski acquired a new position in Sherwin-Williams during the second quarter worth $2,456,000. Royal Bank of Canada boosted its holdings in Sherwin-Williams by 9.8% during the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock worth $309,832,000 after purchasing an additional 86,254 shares during the last quarter. Finally, Meeder Advisory Services Inc. bought a new position in Sherwin-Williams in the second quarter valued at $2,123,000. 77.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SHW. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Monday, September 28th. Berenberg Bank raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed 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. UBS Group set a $363.00 target price on Sherwin-Williams and gave the company a “neutral” rating in a research report on Monday, October 5th. Finally, KeyCorp assumed coverage on Sherwin-Williams in a research report on Thursday, September 10th. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.
Check Out Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Stock Down 0.6%
SHW traded down $2.12 during trading on Friday, reaching $334.80. 1,792,917 shares of the stock were exchanged, compared to its average volume of 1,675,456. 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 stock’s 50 day moving average price is $333.46 and its two-hundred day moving average price is $328.33. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The stock has a market cap of $81.28 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter last year, the company posted $3.38 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12.09 EPS for the current year.
Sherwin-Williams Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is presently 29.49%.
Insiders Place Their Bets
In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.
Sherwin-Williams Company Profile
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.
Featured Stories
- Five stocks we like better than Sherwin-Williams
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
- MarketBeat Week in Review – 10/12 – 10/16
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
