California State Teachers Retirement System Lowers Position in The Sherwin-Williams Company $SHW

California State Teachers Retirement System lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,995 shares of the specialty chemicals company's stock after selling 6,814 shares during the period. California State Teachers Retirement System owned about 0.16% of Sherwin-Williams worth $133,250,118 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VELA Investment Management LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $469,000. Washington Trust Advisors Inc. lifted its stake in shares of Sherwin-Williams by 14.5% in the 2nd quarter. Washington Trust Advisors Inc. now owns 316 shares of the specialty chemicals company's stock valued at $109,000 after purchasing an additional 40 shares in the last quarter. Guardian Wealth Advisors LLC NC bought a new position in Sherwin-Williams during the second quarter worth $205,000. Wedmont Private Capital raised its position in Sherwin-Williams by 1.8% in the second quarter. Wedmont Private Capital now owns 3,022 shares of the specialty chemicals company's stock worth $1,009,000 after acquiring an additional 53 shares in the last quarter. Finally, Kintra Wealth LLC bought a new position in Sherwin-Williams during the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $0.69 during mid-day trading on Tuesday, hitting $323.81. 564,169 shares of the company's stock traded hands, compared to its average volume of 1,970,288. The firm has a 50 day simple moving average of $340.25 and a two-hundred day simple moving average of $329.22. The stock has a market cap of $78.61 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.41 and a beta of 1.09. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business posted $3.38 EPS. The business'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 expect that The Sherwin-Williams Company will post 12.09 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Sherwin-Williams's dividend payout ratio is 29.49%.

Insider Activity

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Guggenheim began coverage on Sherwin-Williams in a research note on Monday, August 3rd. They set a "buy" rating and a $400.00 price objective on the stock. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the stock a "buy" rating in a research note on Monday, August 24th. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $386.29.

Sherwin-Williams Company Profile

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.

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