Adams Natural Resources Fund Inc. Sells 14,300 Shares of The Sherwin-Williams Company $SHW

Key Points

• Adams Natural Resources Fund reduced its Sherwin-Williams stake by 42.4%, selling 14,300 shares and retaining 19,400 shares valued at approximately $6.27 million.
• Institutional investors own 77.67% of Sherwin-Williams, while company insiders own just 0.23%; two insiders also recently sold substantial portions of their holdings.
• Analysts maintain a consensus “Moderate Buy” rating with a $382.08 price target. Sherwin-Williams exceeded its latest earnings and revenue estimates and declared a quarterly dividend of $0.80 per share, yielding about 0.9%.

Adams Natural Resources Fund Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 42.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,400 shares of the specialty chemicals company's stock after selling 14,300 shares during the quarter. Sherwin-Williams comprises 0.7% of Adams Natural Resources Fund Inc.'s holdings, making the stock its 25th largest holding. Adams Natural Resources Fund Inc.'s holdings in Sherwin-Williams were worth $6,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $6,100,083,000. Wellington Management Group LLP boosted its position 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 during the period. Amundi boosted its position 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 during the period. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $547,097,000. Finally, Dimensional Fund Advisors LP increased its holdings in Sherwin-Williams by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company's stock valued at $454,226,000 after purchasing an additional 39,853 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SHW shares. Stephens cut their target price on Sherwin-Williams from $375.00 to $353.00 and set a "hold" rating on the stock in a research report on Tuesday, September 22nd. DA Davidson set a $400.00 price target on Sherwin-Williams and gave the stock a "buy" rating in a research report on Monday, August 24th. Guggenheim assumed coverage on Sherwin-Williams in a research note on Monday, August 3rd. They issued a "buy" rating and a $400.00 price objective for the company. BNP Paribas Exane boosted their price objective on Sherwin-Williams from $345.00 to $360.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company set a $340.00 target price on Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Friday, September 25th. One investment 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 stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $382.08.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company's stock in a transaction 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 owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Up 2.5%

Shares of NYSE:SHW opened at $345.76 on Friday. The firm has a 50 day simple moving average of $331.52 and a 200-day simple moving average of $328.91. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a market capitalization of $83.94 billion, a PE ratio of 28.41, a P/E/G ratio of 2.63 and a beta of 1.08.

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 for the quarter, beating the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12.07 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams's payout ratio is 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

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