Coastal Bridge Advisors LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,425 shares of the specialty chemicals company’s stock, valued at approximately $835,000.
Several other institutional investors have also recently bought and sold shares of the business. Wilkerson Advisory Group LLC increased its position 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 purchasing an additional 50 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new stake in Sherwin-Williams during the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams in the 1st quarter worth about $28,000. Finally, Tacita Capital Inc acquired a new stake in shares of Sherwin-Williams during the second quarter valued at about $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Wall Street Analyst Weigh In
SHW has been the topic of a number of research reports. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Guggenheim assumed coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. UBS Group reissued a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six 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 target price of $386.29.
Insider Activity at Sherwin-Williams
In related news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction 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 transaction, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction on 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.
Sherwin-Williams Stock Performance
NYSE:SHW opened at $345.20 on Friday. 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 Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a fifty day moving average of $342.43 and a 200-day moving average of $332.22. The firm has a market capitalization of $83.80 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.60 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.
Sherwin-Williams Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis 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 29.49%.
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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