Canoe Financial LP cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,457 shares of the specialty chemicals company's stock after selling 8,440 shares during the quarter. Canoe Financial LP owned about 0.12% of Sherwin-Williams worth $91,890,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SHW. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth about $6,100,083,000. Wellington Management Group LLP increased its holdings in Sherwin-Williams by 133.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock worth $958,821,000 after buying an additional 1,593,009 shares during the period. Amundi increased its holdings in Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company's stock worth $705,497,000 after buying an additional 376,505 shares during the period. Bank of New York Mellon Corp purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $547,097,000. Finally, Dimensional Fund Advisors LP raised its position in Sherwin-Williams by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company's stock worth $454,226,000 after buying an additional 39,853 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Karl Jorgenrud sold 7,886 shares of the company's 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 completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred 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 transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts have commented on SHW shares. UBS Group set a $363.00 price objective on shares of Sherwin-Williams and gave the company a "neutral" rating in a research note on Monday, October 5th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. BMO Capital Markets restated an "outperform" rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Morgan Stanley restated an "overweight" rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Argus upped their price target on shares of Sherwin-Williams from $355.00 to $380.00 in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $382.08.
Read Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Stock Performance
Shares of NYSE SHW opened at $337.23 on Thursday. The company has a market capitalization of $81.86 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.62 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. The company's fifty day moving average price is $331.84 and its 200 day moving average price is $328.71. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the firm posted $3.38 earnings per share. The company's 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. On average, research analysts predict that The Sherwin-Williams Company will post 12.07 earnings per share for the current year.
About Sherwin-Williams
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).
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