State Street Corp Decreases Position in The Sherwin-Williams Company $SHW

Key Points

• State Street reduced its Sherwin-Williams position by 0.2% in the second quarter, selling 32,755 shares and retaining 15.56 million shares worth approximately $5.36 billion. Institutional investors collectively own 77.67% of SHW.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 in EPS on $6.79 billion in revenue, with revenue up 7.5% year over year. The company guided to fiscal 2026 EPS of $11.80–$12.20 and maintains a quarterly dividend of $0.80 per share.
• SHW traded at $326.71, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus and an average price target of $387.18. Two company insiders recently sold shares, reducing their respective holdings by roughly 38%–40%.

State Street Corp lessened its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,564,560 shares of the specialty chemicals company's stock after selling 32,755 shares during the period. State Street Corp owned about 6.41% of Sherwin-Williams worth $5,359,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of Sherwin-Williams by 19.5% during the 2nd quarter. Tidal Investments LLC now owns 39,607 shares of the specialty chemicals company's stock valued at $13,637,000 after acquiring an additional 6,458 shares during the last quarter. National Pension Service lifted its position in Sherwin-Williams by 0.9% during the second quarter. National Pension Service now owns 685,433 shares of the specialty chemicals company's stock valued at $236,008,000 after purchasing an additional 6,086 shares during the period. Cidel Asset Management Inc. lifted its position in Sherwin-Williams by 15.1% during the second quarter. Cidel Asset Management Inc. now owns 915 shares of the specialty chemicals company's stock valued at $315,000 after purchasing an additional 120 shares during the period. NorthRock Partners LLC boosted its holdings in Sherwin-Williams by 6.3% in the second quarter. NorthRock Partners LLC now owns 1,705 shares of the specialty chemicals company's stock worth $587,000 after purchasing an additional 101 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Sherwin-Williams by 50.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,887 shares of the specialty chemicals company's stock worth $2,027,000 after purchasing an additional 1,983 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Activity

In other news, insider Justin T. Binns sold 13,500 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karl Jorgenrud sold 7,886 shares of the 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 owned 11,944 shares of the company's stock, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $5.40 during midday trading on Tuesday, hitting $326.71. The stock had a trading volume of 435,681 shares, compared to its average volume of 1,963,770. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a market capitalization of $79.31 billion, a PE ratio of 30.15, a P/E/G ratio of 2.39 and a beta of 1.09. The firm's fifty day moving average is $339.09 and its two-hundred day moving average is $327.98. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

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 (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 analysts' expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12.09 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams's payout ratio is presently 29.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed 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. Jefferies Financial Group reiterated a "hold" rating and set a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Royal Bank Of Canada reissued an "outperform" rating and issued a $420.00 target price on shares of Sherwin-Williams in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $387.18.

About Sherwin-Williams

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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