5,081 Shares in The Sherwin-Williams Company $SHW Acquired by Allworth Financial LP

Allworth Financial LP bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,081 shares of the specialty chemicals company's stock, valued at approximately $1,749,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock valued at $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. BlackRock Inc. acquired a new position in Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. State Street Corp grew its holdings in shares of Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company's stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company's stock valued at $1,687,498,000 after purchasing an additional 37,145 shares during the period. Finally, Norges Bank acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,089,450,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. BMO Capital Markets restated an "outperform" rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $385.44.

Sherwin-Williams Stock Performance

SHW stock opened at $347.02 on Friday. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a market cap of $84.24 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. 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 business's fifty day moving average is $340.16 and its 200-day moving average is $332.81.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors 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%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the company's 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 sale, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company's stock.

Sherwin-Williams Profile

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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