NBT Bank N.A. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm bought 2,410 shares of the specialty chemicals company’s stock, valued at approximately $779,000.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the second quarter worth about $6,100,083,000. Wellington Management Group LLP boosted its holdings in Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after acquiring an additional 1,593,009 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Sherwin-Williams in the second quarter valued at approximately $547,097,000. Legal & General Group Plc bought a new stake in Sherwin-Williams in the second quarter valued at approximately $459,652,000. Finally, Bank of America Corp DE acquired a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $412,339,000. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 2.5%
Shares of NYSE SHW opened at $336.93 on Friday. The firm has a market cap of $81.79 billion, a PE ratio of 31.05, a P/E/G ratio of 2.70 and a beta of 1.08. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The company’s fifty day simple moving average is $331.09 and its 200 day simple moving average is $328.96. 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 for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The business’s 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. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12.07 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.
Insider Activity
In related news, insider Justin Binns sold 13,500 shares of the company’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 transaction of $4,761,450.00. Following the transaction, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of 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. Company insiders own 0.23% of the company’s stock.
Wall Street Analyst Weigh In
SHW has been the subject of several analyst reports. Guggenheim began coverage on shares of Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target for the company. KeyCorp began coverage on shares of Sherwin-Williams in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Mizuho set a $396.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Rothschild & Co Redburn lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Finally, Barclays set a $348.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $382.08.
Get Our Latest Report on Sherwin-Williams
Sherwin-Williams Company Profile
The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.
Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.
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