Handelsbanken Fonder AB cut its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 99,302 shares of the specialty chemicals company’s stock after selling 4,448 shares during the period. Handelsbanken Fonder AB’s holdings in Sherwin-Williams were worth $34,192,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC lifted its stake in Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Ares Financial Consulting LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $28,000. Finally, Eastern Bank raised its holdings in shares of Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 30 shares during the period. 77.67% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.
Sherwin-Williams Stock Performance
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for 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 was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.
Analyst Upgrades and Downgrades
SHW has been the subject of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $385.44.
Read Our Latest Research Report on SHW
Sherwin-Williams 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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