The Sherwin-Williams Company $SHW Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its Sherwin-Williams stake by 32% in the second quarter, selling 282,215 shares and retaining 600,633 shares valued at approximately $206.8 million.
• Institutional investors own 77.67% of SHW, while insiders recently sold shares; insider ownership stands at just 0.23%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $388.65. Sherwin-Williams recently exceeded quarterly earnings and revenue estimates, while its shares traded at $320.34.

Envestnet Asset Management Inc. reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 600,633 shares of the specialty chemicals company's stock after selling 282,215 shares during the quarter. Envestnet Asset Management Inc. owned 0.25% of Sherwin-Williams worth $206,810,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHW. BlackRock Inc. purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $6,100,083,000. State Street Corp increased its position in Sherwin-Williams by 2.4% in the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company's stock worth $5,067,497,000 after purchasing an additional 364,832 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company's stock worth $1,687,498,000 after purchasing an additional 37,145 shares in the last quarter. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $1,089,450,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock valued at $958,821,000 after buying an additional 1,593,009 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the firm's stock in a transaction on Monday, August 17th. The shares were 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 in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karl 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 transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHW shares. UBS Group restated a "neutral" rating and issued a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $420.00 target price on shares of Sherwin-Williams in a research note on Tuesday. Jefferies Financial Group reissued a "hold" rating and issued a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Finally, KeyCorp started coverage on shares of Sherwin-Williams in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $388.65.

Sherwin-Williams Trading Down 1.9%

Shares of SHW stock opened at $320.34 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The company has a market cap of $77.77 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.45 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 business's 50 day moving average is $338.63 and its two-hundred day moving average is $327.72.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates 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 was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12.09 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

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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