Tidal Investments LLC Acquires 6,458 Shares of The Sherwin-Williams Company $SHW

Key Points

• Tidal Investments increased its Sherwin-Williams stake by 19.5% in the second quarter, adding 6,458 shares to own 39,607 shares valued at approximately $13.6 million. Institutional investors collectively own 77.67% of the company.
• Sherwin-Williams insiders sold shares totaling about $7.7 million in August, while insiders retain just 0.23% of the company’s stock.
• The company reported quarterly earnings of $3.70 per share and revenue of $6.79 billion, exceeding analyst estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $386.29, and Sherwin-Williams pays a quarterly dividend of $0.80.

Tidal Investments LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,607 shares of the specialty chemicals company's stock after acquiring an additional 6,458 shares during the quarter. Tidal Investments LLC's holdings in Sherwin-Williams were worth $13,637,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. National Pension Service raised its position in Sherwin-Williams by 0.9% in the second quarter. National Pension Service now owns 685,433 shares of the specialty chemicals company's stock worth $236,008,000 after acquiring an additional 6,086 shares during the period. Cidel Asset Management Inc. grew its position in shares of Sherwin-Williams by 15.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 915 shares of the specialty chemicals company's stock valued at $315,000 after acquiring an additional 120 shares during the period. NorthRock Partners LLC increased its stake in shares of Sherwin-Williams by 6.3% in the 2nd quarter. NorthRock Partners LLC now owns 1,705 shares of the specialty chemicals company's stock worth $587,000 after purchasing an additional 101 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Sherwin-Williams by 50.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,887 shares of the specialty chemicals company's stock worth $2,027,000 after purchasing an additional 1,983 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Sherwin-Williams by 0.8% in the 2nd quarter. IFP Advisors Inc now owns 11,777 shares of the specialty chemicals company's stock worth $4,055,000 after purchasing an additional 92 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Karl Jorgenrud sold 7,886 shares of the company's stock in a transaction that occurred on 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 sale, the insider directly owned 11,944 shares of the company's stock, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred 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 transaction, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a "buy" rating in a research note on Monday, August 24th. Weiss Ratings raised shares of Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Citigroup reiterated a "buy" rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $386.29.

Sherwin-Williams Stock Up 1.8%

Shares of SHW stock opened at $323.14 on Friday. The company's fifty day simple moving average is $340.74 and its two-hundred day simple moving average is $329.75. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The stock has a market cap of $78.44 billion, a P/E ratio of 29.78, a PEG ratio of 2.36 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.

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, beating analysts' consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams Company Profile

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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