The Sherwin-Williams Company $SHW Shares Sold by Van ECK Associates Corp

Key Points

• Van ECK Associates reduced its Sherwin-Williams stake by 7.7% in the second quarter, selling 3,731 shares and retaining 45,020 shares valued at approximately $15.5 million. Institutional investors collectively own 77.67% of SHW.
• Wall Street maintains a positive view, with a consensus “Moderate Buy” rating and an average price target of $386.29. Recent targets range from $375 to $405.
• Sherwin-Williams exceeded quarterly expectations with $3.70 in earnings per share and $6.79 billion in revenue, up 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share, representing a 0.9% annualized yield.

Van ECK Associates Corp reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,020 shares of the specialty chemicals company's stock after selling 3,731 shares during the period. Van ECK Associates Corp's holdings in Sherwin-Williams were worth $15,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of SHW. Fideuram Asset Management Ireland dac purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $2,496,000. Kinsale Capital Group Inc. purchased a new position in Sherwin-Williams during the fourth quarter worth about $4,805,000. Blueline Advisors LLC purchased a new position in Sherwin-Williams during the fourth quarter worth about $1,694,000. BlackRock Inc. acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $6,100,083,000. Finally, Royal Bank of Canada boosted its holdings in Sherwin-Williams by 9.8% in the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company's stock valued at $309,832,000 after purchasing an additional 86,254 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHW. UBS Group restated a "neutral" rating and set a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. BMO Capital Markets reiterated 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Jefferies Financial Group reissued a "hold" rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Finally, Citigroup reaffirmed a "buy" rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $386.29.

Insiders Place Their Bets

In related news, insider Karl J. 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 transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $338.66 on Tuesday. The firm has a 50-day simple moving average of $343.33 and a two-hundred day simple moving average of $331.93. The stock has a market cap of $82.21 billion, a PE ratio of 31.21, a P/E/G ratio of 2.57 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.60 billion. During the same quarter last year, the company posted $3.38 EPS. The firm's quarterly 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. As a group, analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared 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. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.49%.

About Sherwin-Williams

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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