Caisse de depot et placement du Quebec Makes New Investment in The Sherwin-Williams Company $SHW

Caisse de depot et placement du Quebec bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,896 shares of the specialty chemicals company's stock, valued at approximately $5,473,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $6,100,083,000. Norges Bank bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp bought a new stake in Sherwin-Williams during the 2nd quarter worth approximately $547,097,000. Legal & General Group Plc acquired a new stake in Sherwin-Williams during the 2nd quarter worth approximately $459,652,000. Finally, Viking Global Investors LP raised its holdings in Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock worth $672,213,000 after buying an additional 985,520 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other 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 directly owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research report on Monday, June 8th. Guggenheim began coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a "buy" rating and a $400.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average price target of $386.29.

Sherwin-Williams Trading Down 0.1%

Shares of SHW stock opened at $344.92 on Friday. The company has a market capitalization of $83.73 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The firm has a 50 day moving average price of $342.90 and a two-hundred day moving average price of $332.31. 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 Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) 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 firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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 paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's payout ratio is 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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