1,197,547 Shares in The Sherwin-Williams Company $SHW Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 1.2 million Sherwin-Williams shares worth approximately $412.3 million in the second quarter, giving it a 0.49% stake. Institutional investors collectively own 77.67% of the company.
• Analyst sentiment is favorable, with Sherwin-Williams receiving a consensus “Moderate Buy” rating and an average price target of $386.29. Recent targets range from $360 to $400.
• Sherwin-Williams beat quarterly earnings and revenue estimates, reporting $3.70 in EPS and $6.79 billion in revenue, up 7.5% year over year. The company also maintains a $0.80 quarterly dividend, equivalent to a 1.0% annual yield.

Bank of America Corp DE acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,197,547 shares of the specialty chemicals company's stock, valued at approximately $412,339,000. Bank of America Corp DE owned 0.49% of Sherwin-Williams at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SHW. Fideuram Asset Management Ireland dac bought a new position in Sherwin-Williams in the fourth quarter valued at about $2,496,000. BlackRock Inc. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $6,100,083,000. Blueline Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth $1,694,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $5,473,000. Finally, Royal Bank of Canada raised its position in shares of Sherwin-Williams by 9.8% during the first 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 last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. Morgan Stanley restated an "overweight" rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the stock a "buy" rating in a report on Monday, August 24th. Finally, Guggenheim started coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a "buy" rating and a $400.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $386.29.

Insider Activity

In other news, insider Justin T. Binns sold 13,500 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were 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 approximately $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Karl Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 transaction, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

Sherwin-Williams Stock Down 0.4%

NYSE:SHW opened at $323.06 on Wednesday. The company's fifty day moving average price is $339.87 and its 200-day moving average price is $328.98. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market capitalization of $78.43 billion, a P/E ratio of 29.78, a PEG ratio of 2.42 and a beta of 1.09. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company 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 posted $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. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12.09 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were given a $0.80 dividend. The ex-dividend date was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams's payout ratio is currently 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.

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