Formuepleje A S Acquires Shares of 3,285 The Sherwin-Williams Company $SHW

Key Points

• Formuepleje A S acquired 3,285 Sherwin-Williams shares worth approximately $1.13 million during the second quarter. Institutional investors and hedge funds collectively own 77.67% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $386.29. Recent targets range from $360 to $400.
• Sherwin-Williams exceeded quarterly earnings and revenue expectations, reporting $3.70 in EPS and $6.79 billion in revenue, while revenue grew 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share, equivalent to a 1.0% annual yield.

Formuepleje A S acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,285 shares of the specialty chemicals company's stock, valued at approximately $1,131,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. California State Teachers Retirement System grew its stake in Sherwin-Williams by 33,736.2% during the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company's stock worth $45,880,681,000 after buying an additional 132,856,309 shares during the last quarter. BlackRock Inc. purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $1,089,450,000. Wellington Management Group LLP boosted its holdings in shares of Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock valued at $958,821,000 after acquiring an additional 1,593,009 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams during the second quarter worth approximately $547,097,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Jefferies Financial Group restated a "hold" rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the company a "buy" rating in a report on Monday, August 24th. Finally, Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $386.29.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider directly owned 21,937 shares of the company's stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $333.51 on Monday. The stock has a market capitalization of $80.96 billion, a P/E ratio of 30.74, a P/E/G ratio of 2.49 and a beta of 1.09. 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 Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company's fifty day moving average is $343.07 and its two-hundred day moving average is $330.88.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 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 company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.60 billion. During the same quarter last year, the business earned $3.38 EPS. The business's revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's payout ratio is currently 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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