Plato Investment Management Ltd Takes Position in The Sherwin-Williams Company $SHW

Key Points

• Plato Investment Management acquired 13,298 Sherwin-Williams shares worth approximately $4.55 million in the second quarter. Institutional investors 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 $385.44. Recent targets range from $365 to $420.
• Sherwin-Williams exceeded quarterly 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 0.9% yield.

Plato Investment Management Ltd purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,298 shares of the specialty chemicals company's stock, valued at approximately $4,552,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Norges Bank acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $1,089,450,000. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $547,097,000. Viking Global Investors LP grew its holdings in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock valued at $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company's stock valued at $214,581,000 after purchasing an additional 660,997 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock worth $7,529,752,000 after acquiring an additional 600,119 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SHW. Evercore reaffirmed an "outperform" rating on shares of Sherwin-Williams in a research report on Friday, May 8th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target 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. Bank of America reduced their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group set a $420.00 price objective 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's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.44.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the company's 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 approximately $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $358.40 on Monday. The business's fifty day moving average is $336.29 and its two-hundred day moving average is $332.78. 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 firm has a market cap of $87.01 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65.

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 for the quarter, beating analysts' consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the company posted $3.38 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.49%.

Sherwin-Williams Company Profile

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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