Benjamin Edwards Inc. Has $37.83 Million Position in The Sherwin-Williams Company $SHW

Benjamin Edwards Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,813 shares of the specialty chemicals company's stock after selling 16,582 shares during the quarter. Benjamin Edwards Inc.'s holdings in Sherwin-Williams were worth $37,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams in the fourth quarter valued at $2,496,000. Kinsale Capital Group Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $4,805,000. Blueline Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $1,694,000. BlackRock Inc. bought a new position in Sherwin-Williams in the 2nd quarter valued at about $6,100,083,000. Finally, Royal Bank of Canada lifted its position in Sherwin-Williams by 9.8% in the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company's stock valued at $309,832,000 after acquiring an additional 86,254 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the stock a "buy" rating in a report on Monday, August 24th. BMO Capital Markets reaffirmed an "outperform" rating and set a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Evercore reiterated an "outperform" rating on shares of Sherwin-Williams in a report on Friday, May 8th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $386.29.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This 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 at this link. Also, insider Justin T. 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 value of $4,761,450.00. Following the completion of the transaction, the insider directly owned 21,937 shares of the company's stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company's stock.

Sherwin-Williams Trading Down 0.1%

Shares of SHW opened at $344.92 on Friday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The business has a 50-day moving average of $342.90 and a 200 day moving average of $332.31. The firm has a market cap of $83.73 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

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

Sherwin-Williams Dividend Announcement

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