CM Wealth Advisors LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,427 shares of the specialty chemicals company’s stock, valued at approximately $836,000.
Several other large investors also recently made changes to their positions in SHW. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $6,100,083,000. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp acquired a new position in Sherwin-Williams in the second quarter worth approximately $547,097,000. Viking Global Investors LP increased its holdings in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sherwin-Williams in the second quarter valued at $297,600,000. Institutional investors own 77.67% of the company’s stock.
Insider Buying and Selling
In related news, insider Justin T. Binns sold 13,500 shares of the company’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 completion of the sale, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s 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 owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% 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 owned by insiders.
Sherwin-Williams Price Performance
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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm posted $3.38 EPS. The business’s revenue 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. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Guggenheim began coverage on Sherwin-Williams in a report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $385.44.
Read Our Latest Research Report on SHW
Sherwin-Williams Company 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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