Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 864,313 shares of the specialty chemicals company's stock, valued at approximately $297,600,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.36% of Sherwin-Williams as of its most recent SEC filing.
A number of other large investors have also modified their holdings of SHW. Fideuram Asset Management Ireland dac acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $2,496,000. Kinsale Capital Group Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $4,805,000. Calamos Advisors LLC increased its position in shares of Sherwin-Williams by 5.4% in the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company's stock valued at $58,520,000 after purchasing an additional 9,196 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock valued at $7,529,752,000 after purchasing an additional 600,119 shares during the last quarter. Finally, Eos Management L.P. raised its holdings in shares of Sherwin-Williams by 23.6% in the 4th quarter. Eos Management L.P. now owns 15,261 shares of the specialty chemicals company's stock valued at $4,945,000 after purchasing an additional 2,909 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.
Insider Activity
In related news, insider Karl J. Jorgenrud sold 7,886 shares of the business'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 owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SHW. Evercore reiterated an "outperform" rating on shares of Sherwin-Williams in a research note on Friday, May 8th. UBS Group reaffirmed a "neutral" rating and set a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a "hold" rating and issued a $375.00 price objective on shares of Sherwin-Williams in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $385.44.
Read Our Latest Report on Sherwin-Williams
Sherwin-Williams Stock Down 2.7%
SHW stock opened at $349.57 on Tuesday. The company has a market cap of $84.86 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company has a fifty day moving average price of $337.29 and a 200 day moving average price of $332.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.49%.
About Sherwin-Williams
(
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.
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