3,483 The Sherwin-Williams Company $SHW Shares Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Sherwin-Williams position by 421.7% in the third quarter, purchasing 3,483 additional shares for a total holding valued at approximately $1.39 million. Institutional investors collectively own 77.67% of SHW.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $382.08, above the reported share price of $336.77.
• Sherwin-Williams exceeded quarterly expectations with EPS of $3.70 and revenue of $6.79 billion, while declaring a quarterly dividend of $0.80, equivalent to a 1.0% annualized yield.

First Citizens Bank & Trust Co. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 421.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,309 shares of the specialty chemicals company's stock after purchasing an additional 3,483 shares during the period. First Citizens Bank & Trust Co.'s holdings in Sherwin-Williams were worth $1,393,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in Sherwin-Williams in the second quarter worth $6,100,083,000. Wellington Management Group LLP increased its stake in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock worth $958,821,000 after purchasing an additional 1,593,009 shares in the last quarter. Amundi increased its stake in shares of Sherwin-Williams by 20.6% during the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company's stock worth $705,497,000 after purchasing an additional 376,505 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $547,097,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Sherwin-Williams by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company's stock worth $454,226,000 after purchasing an additional 39,853 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin Binns sold 13,500 shares of the firm's stock in a transaction 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 sale, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group set a $363.00 target price on Sherwin-Williams and gave the company a "neutral" rating in a research note on Monday, October 5th. BMO Capital Markets reissued an "outperform" rating on shares of Sherwin-Williams in a report on Monday, September 28th. Mizuho set a $396.00 price objective on Sherwin-Williams and gave the company an "outperform" rating in a research report on Thursday, September 24th. BNP Paribas Exane upped their price objective on Sherwin-Williams from $345.00 to $360.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Melius Research began coverage on Sherwin-Williams in a research note on Tuesday, October 6th. They set a "hold" rating and a $367.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $382.08.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $336.77 on Friday. The company has a 50-day simple moving average of $334.16 and a 200-day simple moving average of $328.29. 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 company has a market cap of $81.76 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.42 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.01% and a return on equity of 67.97%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.