8,967 Shares in The Sherwin-Williams Company $SHW Purchased by Asahi Life Asset Management CO. LTD.

Key Points

• Asahi Life Asset Management purchased 8,967 Sherwin-Williams shares worth approximately $3.1 million, while institutional investors collectively own 77.67% of the company.
• Sherwin-Williams exceeded quarterly expectations with $3.70 in EPS and $6.79 billion in revenue, up 7.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $385.44.
• The company declared a quarterly dividend of $0.80 per share, equivalent to a $3.20 annual payout and a 0.9% yield; two insiders recently sold shares, reducing their holdings substantially.

Asahi Life Asset Management CO. LTD. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,967 shares of the specialty chemicals company's stock, valued at approximately $3,088,000. Sherwin-Williams comprises about 1.7% of Asahi Life Asset Management CO. LTD.'s portfolio, making the stock its 13th largest holding.

Several other hedge funds also recently bought and sold shares of the business. MSH Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $4,817,000. CM Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $836,000. Johnson Financial Group Inc. acquired a new position in shares of Sherwin-Williams during the second quarter valued at about $59,000. West Family Investments Inc. acquired a new position in shares of Sherwin-Williams during the second quarter valued at about $264,000. Finally, Tacita Capital Inc purchased a new position in shares of Sherwin-Williams in the 2nd quarter valued at approximately $30,000. Institutional investors own 77.67% of the company's stock.

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Insider Activity at Sherwin-Williams

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore restated an "outperform" rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Jefferies Financial Group reiterated a "hold" rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Morgan Stanley reissued an "overweight" rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a research note on Monday, June 8th. Finally, UBS Group reaffirmed a "neutral" rating and set a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $385.44.

Sherwin-Williams Stock Up 2.3%

Sherwin-Williams stock opened at $353.16 on Thursday. 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 Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The business's 50-day moving average price is $338.97 and its 200 day moving average price is $332.77. The firm has a market cap of $85.73 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 given 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 is 29.49%.

About Sherwin-Williams

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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