Capital World Investors Has $333.84 Million Stake in The Sherwin-Williams Company $SHW

Key Points

• Capital World Investors increased its stake in The Sherwin‑Williams Company by 7.3% in the third quarter to 964,274 shares worth $333.84 million, representing about 0.39% ownership.
• Other large institutions also made big moves — including a new Norges Bank stake (~$1.30B), Viking Global (+101.4% to ~1.96M shares) and JPMorgan (3.04M shares) — and institutional investors now own roughly 77.67% of the stock.
• Sherwin‑Williams recently beat quarterly estimates (EPS $2.23 vs. $2.16; revenue $5.60B, +5.6% YoY), raised its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield), and trades at a market cap of about $79.8B with a P/E of 31.41.

Capital World Investors increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 964,274 shares of the specialty chemicals company's stock after buying an additional 65,341 shares during the period. Capital World Investors owned 0.39% of Sherwin-Williams worth $333,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $1,296,565,000. Viking Global Investors LP boosted its position in shares of Sherwin-Williams by 101.4% in 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 purchasing an additional 985,520 shares during the last quarter. Amundi grew its stake in shares of Sherwin-Williams by 55.8% during the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company's stock worth $587,047,000 after purchasing an additional 596,657 shares during the period. JPMorgan Chase & Co. increased its holdings in Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company's stock valued at $1,043,595,000 after purchasing an additional 553,275 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company's stock valued at $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 2.4%

NYSE:SHW opened at $322.56 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The business's 50-day simple moving average is $352.38 and its 200-day simple moving average is $345.05. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The stock has a market capitalization of $79.79 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams's payout ratio is currently 31.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an "outperform" rating in a report on Friday, January 30th. Zacks Research cut Sherwin-Williams from a "hold" rating to a "strong sell" rating in a research note on Friday, January 30th. Vertical Research raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price objective on the stock in a research note on Wednesday, January 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Sherwin-Williams in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $388.21.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of the firm's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company's stock.

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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