BlackRock Inc. Acquires New Holdings in The Sherwin-Williams Company $SHW

Key Points

• BlackRock acquired 17.7 million Sherwin-Williams shares in the second quarter, worth approximately $6.1 billion and representing a 7.3% stake. Institutional investors collectively own 77.67% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $385.44; recent targets range from $395 to $420.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 in adjusted EPS and $6.79 billion in revenue, up 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share, yielding approximately 0.9% annually.

BlackRock Inc. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 17,716,320 shares of the specialty chemicals company's stock, valued at approximately $6,100,083,000. BlackRock Inc. owned approximately 7.30% of Sherwin-Williams at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock valued at $7,529,752,000 after buying an additional 600,119 shares in the last quarter. State Street Corp raised its position in Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company's stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company's stock valued at $1,687,498,000 after acquiring an additional 37,145 shares in the last quarter. Norges Bank purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at about $1,089,450,000. Finally, Viking Global Investors LP grew its holdings in shares of Sherwin-Williams by 10.1% during the 4th quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company's stock worth $1,027,923,000 after acquiring an additional 291,217 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on SHW. Weiss Ratings raised shares of Sherwin-Williams from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Morgan Stanley reaffirmed an "overweight" rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim assumed coverage on Sherwin-Williams in a research report on Monday, August 3rd. They issued a "buy" rating and a $400.00 price target on the stock. Finally, Evercore restated an "outperform" rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $385.44.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $349.57 on Tuesday. 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 firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The firm has a 50 day moving average of $337.29 and a 200 day moving average of $332.81.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results 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. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.60 billion. During the same quarter last year, the business earned $3.38 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research 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 issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio is presently 29.49%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 directly owned 11,944 shares of the company's stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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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