Governors Lane LP Has $26.20 Million Holdings in The Sherwin-Williams Company $SHW

Governors Lane LP grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,087 shares of the specialty chemicals company's stock after buying an additional 20,843 shares during the period. Sherwin-Williams makes up about 2.0% of Governors Lane LP's investment portfolio, making the stock its 7th largest holding. Governors Lane LP's holdings in Sherwin-Williams were worth $26,198,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SHW. Wilkerson Advisory Group LLC increased its position in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the 1st quarter valued at approximately $28,000. Montgomery Financial Services LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $29,000. Finally, Tacita Capital Inc bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. BMO Capital Markets reiterated 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. DA Davidson set a $400.00 target price on Sherwin-Williams and gave the stock a "buy" rating in a research report on Monday, August 24th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $386.29.

Sherwin-Williams Stock Down 2.3%

Sherwin-Williams stock opened at $326.16 on Wednesday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The stock has a fifty day moving average of $342.51 and a 200 day moving average of $330.36. 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 has a market cap of $79.18 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 return on equity of 67.97% and a net margin of 11.01%.The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.60 billion. During the same period last year, the firm posted $3.38 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st. 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 the company's 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 completion of the sale, the insider directly owned 21,937 shares of the company's stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% 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 corporate insiders.

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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