Alberta Investment Management Corp Invests $5.68 Million in The Sherwin-Williams Company $SHW

Key Points

• Alberta Investment Management Corp initiated a $5.68 million position in Sherwin-Williams by purchasing 16,500 shares during the second quarter. Institutional investors and hedge funds collectively own 77.67% of the company.
• Sherwin-Williams reported quarterly EPS of $3.70, beating estimates of $3.52, while revenue rose 7.5% year over year to $6.79 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $385.44.
• The stock recently traded down 2.7% to $349.57, while the company announced a quarterly dividend of $0.80 per share, equivalent to an annualized yield of approximately 0.9%.

Alberta Investment Management Corp bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,500 shares of the specialty chemicals company's stock, valued at approximately $5,681,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wilkerson Advisory Group LLC lifted its holdings in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This trade represents 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 this hyperlink. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup reaffirmed a "buy" rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. UBS Group reiterated a "neutral" rating and issued a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Bank of America lowered their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.44.

Sherwin-Williams Trading Down 2.7%

Shares of SHW opened at $349.57 on Tuesday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The stock has a 50-day moving average price of $337.29 and a 200 day moving average price of $332.81. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $84.86 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.68 and a beta of 1.10.

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

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio is 29.49%.

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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