OMERS ADMINISTRATION Corp Invests $7.74 Million in The Sherwin-Williams Company $SHW

OMERS ADMINISTRATION Corp bought a new stake in The Sherwin-Williams Company (NYSE:SHWFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,467 shares of the specialty chemicals company’s stock, valued at approximately $7,736,000.

Several other hedge funds also recently modified their holdings of SHW. Wilkerson Advisory Group LLC boosted its holdings in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Ares Financial Consulting LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in Sherwin-Williams during the first quarter worth about $28,000. Finally, Tacita Capital Inc purchased a new position in Sherwin-Williams during the second quarter worth about $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.1%

Shares of SHW stock opened at $346.78 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The firm has a market cap of $84.19 billion, a P/E ratio of 31.96, a PEG ratio of 2.58 and a beta of 1.10. The company has a 50 day moving average of $340.68 and a 200-day moving average of $332.55. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating 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 business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. Sherwin-Williams’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SHW shares. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a report on Monday, June 8th. DA Davidson set a $400.00 price target on Sherwin-Williams in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.29.

View Our Latest Analysis on SHW

Insider Transactions at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 directly owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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