SFE Investment Counsel Purchases New Stake in The Sherwin-Williams Company $SHW

Key Points

• SFE Investment Counsel acquired 3,378 Sherwin-Williams shares during the second quarter, valued at approximately $1.16 million. Institutional investors collectively own 77.67% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $385.44. Recent targets range from $360 to $405.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 in earnings per share and $6.79 billion in revenue, while sales increased 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share.

SFE Investment Counsel acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,378 shares of the specialty chemicals company's stock, valued at approximately $1,163,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Sherwin-Williams by 2.7% during 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 buying an additional 600,119 shares during the last quarter. State Street Corp lifted its holdings in Sherwin-Williams by 2.4% in the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company's stock worth $5,067,497,000 after acquiring an additional 364,832 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company's stock valued at $1,687,498,000 after acquiring an additional 37,145 shares during the period. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $1,089,450,000. Finally, Viking Global Investors LP grew its holdings in shares of Sherwin-Williams by 10.1% during the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company's stock valued at $1,027,923,000 after purchasing an additional 291,217 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHW shares. Bank of America dropped their target price on Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada restated an "outperform" rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Morgan Stanley reiterated an "overweight" rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Guggenheim started coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They issued a "buy" rating and a $400.00 target price for the company. Finally, Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $385.44.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 7th. The shares were 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 of the company's stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company's stock.

Sherwin-Williams Stock Down 0.9%

Shares of SHW stock opened at $358.40 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. 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 business's fifty day moving average is $336.29 and its 200-day moving average is $332.90. The stock has a market cap of $87.01 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the firm posted $3.38 earnings per share. The company'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. Equities analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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 given a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source