WealthPlan Investment Management LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 557.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,935 shares of the specialty chemicals company’s stock after purchasing an additional 4,184 shares during the period. WealthPlan Investment Management LLC’s holdings in Sherwin-Williams were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caisse de depot et placement du Quebec bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $5,473,000. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $6,100,083,000. William John Sempolinski bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $2,456,000. Royal Bank of Canada raised its holdings in Sherwin-Williams by 9.8% during the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock valued at $309,832,000 after buying an additional 86,254 shares during the period. Finally, Meeder Advisory Services Inc. purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $2,123,000. 77.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Melius Research began coverage on Sherwin-Williams in a research report on Tuesday, October 6th. They issued a “hold” rating and a $367.00 price target for the company. Barclays set a $348.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Monday. UBS Group set a $363.00 target price on shares of Sherwin-Williams and gave the company a “neutral” rating in a research note on Monday, October 5th. KeyCorp assumed coverage on shares of Sherwin-Williams in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $382.08.
View Our Latest Report on Sherwin-Williams
Sherwin-Williams Trading Up 3.8%
Shares of NYSE SHW opened at $336.77 on Friday. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The firm has a market cap of $81.76 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.42 and a beta of 1.08. The business has a fifty day simple moving average of $334.16 and a two-hundred day simple moving average of $328.29. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate 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. Analysts expect that The Sherwin-Williams Company will post 12.09 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 29.49%.
Insider Transactions at Sherwin-Williams
In other Sherwin-Williams news, 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 transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin Binns sold 13,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.
Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.
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