Commerce Bank bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,408 shares of the specialty chemicals company's stock, valued at approximately $7,371,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $48,429,000. Quantbot Technologies LP acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $5,322,000. Evolve Private Wealth LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $413,000. Findlay Park Partners LLP purchased a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $37,879,000. Finally, Varma Mutual Pension Insurance Co acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $16,491,000. Hedge funds and other institutional investors own 77.67% of the company's stock.
Insider Transactions at Sherwin-Williams
In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.
Sherwin-Williams Stock Performance
Shares of SHW stock opened at $347.02 on Monday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a 50 day moving average price of $340.16 and a 200 day moving average price of $332.64. The firm has a market capitalization of $84.24 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The company 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%. Sherwin-Williams's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.49%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. UBS Group reissued a "neutral" rating and set a $390.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. Guggenheim assumed 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. Weiss Ratings upgraded Sherwin-Williams from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, Evercore reissued an "outperform" rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $385.44.
Check Out Our Latest Report on Sherwin-Williams
Sherwin-Williams Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).
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