The Sherwin-Williams Company $SHW Stock Acquired by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI increased its Sherwin-Williams stake by 194.5% in the third quarter, bringing its holdings to 102,175 shares valued at approximately $33 million. Institutional investors collectively own 77.67% of SHW.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $382.08; Goldman Sachs raised its target to $415.
• Sherwin-Williams reported quarterly EPS of $3.70, beating estimates, while revenue rose 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share, equivalent to a 0.9% annual yield.

Norris Perne & French LLP MI boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 194.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,175 shares of the specialty chemicals company's stock after purchasing an additional 67,482 shares during the period. Sherwin-Williams comprises 1.5% of Norris Perne & French LLP MI's holdings, making the stock its 20th largest position. Norris Perne & French LLP MI's holdings in Sherwin-Williams were worth $33,030,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BG Investment Services LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth $1,335,000. Citizens Financial Group Inc. RI grew its position in Sherwin-Williams by 9.0% during the third quarter. Citizens Financial Group Inc. RI now owns 5,522 shares of the specialty chemicals company's stock valued at $1,785,000 after buying an additional 458 shares during the period. Simplicity Wealth LLC bought a new position in Sherwin-Williams during the third quarter valued at about $303,000. Evergreen Capital Management LLC grew its position in Sherwin-Williams by 7.6% during the third quarter. Evergreen Capital Management LLC now owns 3,205 shares of the specialty chemicals company's stock valued at $1,036,000 after buying an additional 226 shares during the period. Finally, Gibbs Wealth Management purchased a new stake in Sherwin-Williams during the third quarter worth about $228,000. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SHW shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a research note on Friday, October 9th. Mizuho set a $396.00 target price on shares of Sherwin-Williams and gave the company an "outperform" rating in a research report on Thursday, September 24th. KeyCorp initiated coverage on shares of Sherwin-Williams in a research note on Thursday, September 10th. They set a "sector weight" rating for the company. Argus lifted their price target on shares of Sherwin-Williams from $355.00 to $380.00 in a report on Thursday, August 27th. Finally, UBS Group set a $363.00 price objective on Sherwin-Williams and gave the company a "neutral" rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $382.08.

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm's 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 completion of the transaction, the insider directly owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin Binns sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the transaction, the insider directly owned 21,937 shares of the company's stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company's stock.

Sherwin-Williams Trading Down 2.5%

Shares of SHW opened at $336.93 on Friday. The business has a 50-day moving average of $331.09 and a 200 day moving average of $328.96. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The firm has a market cap of $81.79 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

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, beating analysts' consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12.07 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.49%.

Sherwin-Williams Profile

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

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