OneAscent Financial Services LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,708 shares of the specialty chemicals company’s stock, valued at approximately $588,000.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares during the period. BlackRock Inc. purchased a new position in Sherwin-Williams during the 2nd quarter valued at about $6,100,083,000. State Street Corp raised its position in Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the last quarter. Geode Capital Management LLC raised its position in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Finally, Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Insiders Place Their Bets
In other news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction on Monday, August 17th. The shares were 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 in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.
Sherwin-Williams Stock Performance
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced 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 firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.
Sherwin-Williams Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.80 dividend. 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 is presently 29.49%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on SHW shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a report on Monday, June 8th. Finally, Guggenheim initiated coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $385.44.
Read Our Latest Report on Sherwin-Williams
About Sherwin-Williams
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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