705,433 Shares in The Sherwin-Williams Company $SHW Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 705,433 Sherwin-Williams shares worth approximately $242.9 million, giving it a 0.29% stake; institutional investors collectively own 77.67% of the company.
• Analysts maintain a “Moderate Buy” consensus, with 10 Buy and seven Hold ratings and an average price target of $386.29. Recent targets range from $390 to $420.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 in EPS and $6.79 billion in revenue, while revenue rose 7.5% year over year. Two insiders also sold shares, reducing their holdings by roughly 38%–40%.

Canada Pension Plan Investment Board acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 705,433 shares of the specialty chemicals company's stock, valued at approximately $242,895,000. Canada Pension Plan Investment Board owned 0.29% of Sherwin-Williams at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wilkerson Advisory Group LLC boosted its position in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 50 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the 1st quarter worth $28,000. Finally, Tacita Capital Inc acquired a new position in Sherwin-Williams during the 2nd quarter worth $30,000. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research note on Wednesday, July 29th. UBS Group reissued a "neutral" rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the stock a "buy" rating in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $386.29.

Insider Activity at Sherwin-Williams

In related 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 transaction, the insider directly owned 11,944 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, 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 transaction of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company's stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $350.27 on Wednesday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. 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 stock has a market cap of $85.03 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The business has a fifty day simple moving average of $341.24 and a 200-day simple moving average of $332.43.

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, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.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 prior year, the business earned $3.38 EPS. The business'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. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.49%.

Sherwin-Williams Company 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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