EP Wealth Advisors LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,853 shares of the specialty chemicals company's stock, valued at approximately $2,704,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Sherwin-Williams in the 2nd quarter worth approximately $6,100,083,000. Norges Bank bought a new position in shares of Sherwin-Williams during the 4th quarter valued at $1,089,450,000. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth $547,097,000. Viking Global Investors LP boosted its stake 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 buying an additional 985,520 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sherwin-Williams in the second quarter worth $297,600,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
Shares of Sherwin-Williams stock opened at $347.02 on Friday. The stock has a market cap of $84.24 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10. 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 stock's fifty day moving average is $340.16 and its 200 day moving average is $332.81. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65.
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 analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company 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 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 29.49%.
Insider Buying and Selling
In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SHW shares. Evercore reiterated an "outperform" rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research report on Monday, June 8th. Royal Bank Of Canada restated an "outperform" rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. UBS Group reiterated a "neutral" rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $385.44.
Check Out Our Latest Stock 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Sherwin-Williams, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sherwin-Williams wasn't on the list.
While Sherwin-Williams currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
