Korea Investment CORP Takes $78.19 Million Position in The Sherwin-Williams Company $SHW

Key Points

• Korea Investment CORP acquired 227,095 Sherwin-Williams shares worth approximately $78.2 million during the second quarter, representing about 0.09% of the company. Institutional investors collectively own 77.67% of SHW.
• Sherwin-Williams exceeded quarterly expectations, reporting adjusted EPS of $3.70 versus the $3.52 consensus and revenue of $6.79 billion, up 7.5% year over year. The company projects fiscal 2026 EPS of $11.80-$12.20.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $385.44 versus the stock’s $347.02 opening price. The company also declared a quarterly dividend of $0.80 per share, equivalent to a 0.9% yield.

Korea Investment CORP bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 227,095 shares of the specialty chemicals company's stock, valued at approximately $78,193,000. Korea Investment CORP owned about 0.09% of Sherwin-Williams as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $2,704,000. Heartland Bank & Trust Co bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $432,000. Ieq Capital LLC acquired a new position in shares of Sherwin-Williams during the second quarter worth approximately $1,406,000. Callan Family Office LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $1,979,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $164,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction 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. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 sale, the insider directly owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SHW. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Morgan Stanley reissued 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. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $385.44.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $347.02 on Friday. The business's 50 day simple moving average is $340.16 and its 200 day simple moving average is $332.81. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company has a market cap of $84.24 billion, a price-to-earnings ratio of 31.98, a PEG 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 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The firm 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%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is presently 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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