The Sherwin-Williams Company $SHW Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group reduced its Sherwin-Williams stake by 28.8% in the second quarter, selling 66,576 shares and retaining 164,846 shares valued at approximately $56.8 million. Institutional investors and hedge funds collectively own 77.67% of SHW.
• Sherwin-Williams reported quarterly EPS of $3.70, beating estimates of $3.52, while revenue rose 7.5% year over year to $6.79 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $386.29.
• The company declared a quarterly dividend of $0.80 per share, equivalent to an annualized $3.20 payout and a 1.0% yield. Two company insiders also recently sold shares, reducing their individual holdings.

Baird Financial Group Inc. cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,846 shares of the specialty chemicals company's stock after selling 66,576 shares during the period. Baird Financial Group Inc. owned about 0.07% of Sherwin-Williams worth $56,760,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC increased its stake in shares of Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the 4th quarter valued at $27,000. Montgomery Financial Services LLC acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $29,000. Whipplewood Advisors LLC purchased a new position in Sherwin-Williams during the first quarter worth $28,000. Finally, Tacita Capital Inc purchased a new position in Sherwin-Williams during the second quarter worth $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SHW shares. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings raised Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. Morgan Stanley reiterated an "overweight" rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Citigroup reissued a "buy" rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $386.29.

Sherwin-Williams Price Performance

SHW stock opened at $320.72 on Thursday. The stock has a market capitalization of $77.86 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The stock's fifty day simple moving average is $342.00 and its 200-day simple moving average is $330.10.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS 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 firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm posted $3.38 earnings per share. The business'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 expect that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

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 given 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 yield of 1.0%. Sherwin-Williams's dividend payout ratio is 29.49%.

Insider Buying and Selling

In other news, insider Karl Jorgenrud sold 7,886 shares of the business's stock in a transaction 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 completion of the sale, the insider directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the company's stock in a transaction on 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 sale, the insider 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company's stock.

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.

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.