Baxter Bros Inc. Acquires New Position in The Sherwin-Williams Company $SHW

Key Points

• Baxter Bros Inc. acquired 19,352 Sherwin-Williams shares in the second quarter, worth approximately $6.66 million. Institutional investors collectively own 77.67% of the company.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 EPS and $6.79 billion in revenue, with revenue up 7.5% year over year. Management reiterated fiscal 2026 EPS guidance of $11.80–$12.20.
• The stock opened at $358.40, while analysts maintain a “Moderate Buy” consensus with an average price target of $385.44. The company also declared a quarterly dividend of $0.80 per share, representing a 0.9% annualized yield.

Baxter Bros Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,352 shares of the specialty chemicals company's stock, valued at approximately $6,663,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares in the last quarter. Empowered Funds LLC raised its holdings in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock valued at $2,178,000 after acquiring an additional 626 shares in the last quarter. Jump Financial LLC acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $1,210,000. Sei Investments Co. lifted its stake in Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company's stock worth $67,612,000 after acquiring an additional 59,831 shares during the last quarter. Finally, Glenview Trust co grew its holdings in Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company's stock worth $1,116,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

Sherwin-Williams Stock Down 0.2%

SHW opened at $358.40 on Monday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The business has a 50 day moving average price of $336.29 and a two-hundred day moving average price of $332.78. 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 company has a market cap of $87.01 billion, a PE ratio of 33.03, 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 for the quarter, beating the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion for 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 company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

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 given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio (DPR) is 29.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. UBS Group reaffirmed a "neutral" rating and set a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim assumed coverage on Sherwin-Williams in a report on Monday, August 3rd. They issued a "buy" rating and a $400.00 price objective on the stock. Evercore reissued an "outperform" rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Bank of America cut their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating on the stock in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $385.44.

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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