Flossbach Von Storch SE purchased a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 396,877 shares of the specialty chemicals company’s stock, valued at approximately $136,653,000. Flossbach Von Storch SE owned 0.16% of Sherwin-Williams as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Wilkerson Advisory Group LLC raised its position in shares of Sherwin-Williams by 172.4% in 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 last quarter. Ares Financial Consulting LLC purchased a new position in Sherwin-Williams in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $30,000. Institutional investors own 77.67% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $385.44.
Sherwin-Williams Trading Up 2.3%
Shares of SHW opened at $353.16 on Thursday. The firm has a market cap of $85.73 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The company has a 50 day simple moving average of $338.97 and a two-hundred day simple moving average of $332.77.
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 return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the company earned $3.38 earnings per share. The firm’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. On average, equities analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is presently 29.49%.
Insider Buying and Selling
In related news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by company insiders.
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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