The Sherwin-Williams Company (NYSE:SHW – Get Free Report) 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 value of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Sherwin-Williams Price Performance
Shares of NYSE:SHW opened at $347.02 on Friday. The firm has a market capitalization of $84.24 billion, a PE ratio of 31.98, a PEG ratio of 2.58 and a beta of 1.10. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The business’s 50 day moving average is $340.16 and its 200-day moving average is $332.81.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS 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 firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the business earned $3.38 earnings per share. Sherwin-Williams’s quarterly 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. Sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
Hedge Funds Weigh In On Sherwin-Williams
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sapient Capital LLC increased its holdings in shares of Sherwin-Williams by 0.3% during the fourth quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock worth $2,993,000 after buying an additional 30 shares in the last quarter. Eastern Bank boosted 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 worth $31,000 after acquiring an additional 30 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Sherwin-Williams by 6.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 31 shares in the last quarter. Heartland Bank & Trust Co grew its position in Sherwin-Williams by 2.8% during the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after acquiring an additional 32 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its position in Sherwin-Williams by 1.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,789 shares of the specialty chemicals company’s stock worth $580,000 after acquiring an additional 33 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on SHW shares. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $385.44.
Check Out Our Latest Stock 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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