Welch Group LLC Buys 4,089 Shares of The Sherwin-Williams Company $SHW

Key Points

• Welch Group increased its Sherwin-Williams position by 15.2% in the second quarter, buying 4,089 shares and bringing its holdings to 30,991 shares valued at approximately $10.67 million. Institutional investors own 77.67% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $385.44. Sherwin-Williams recently exceeded quarterly earnings and revenue estimates, while revenue rose 7.5% year over year.
• Shares opened at $358.40, down 0.9%, and the company declared a quarterly dividend of $0.80 per share, equivalent to a $3.20 annual payout and a 0.9% yield.

Welch Group LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,991 shares of the specialty chemicals company's stock after acquiring an additional 4,089 shares during the period. Welch Group LLC's holdings in Sherwin-Williams were worth $10,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC increased its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock valued at $2,178,000 after acquiring an additional 626 shares during the last quarter. Jump Financial LLC purchased a new stake in Sherwin-Williams during the second quarter valued at about $1,210,000. Sei Investments Co. raised its position in Sherwin-Williams by 43.6% during the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company's stock valued at $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co lifted its stake in Sherwin-Williams by 4.8% during the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company's stock worth $1,116,000 after purchasing an additional 148 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Citigroup reiterated a "buy" rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. UBS Group restated a "neutral" rating and issued a $390.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Evercore reaffirmed an "outperform" rating on shares of Sherwin-Williams in a research note on Friday, May 8th. BMO Capital Markets reiterated an "outperform" rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, 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. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.44.

Sherwin-Williams Stock Down 0.9%

Shares of NYSE:SHW opened at $358.40 on Friday. The stock has a market capitalization of $87.01 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10. The stock's 50-day moving average price is $336.29 and its 200-day moving average price is $332.90. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results 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 company 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%.Sherwin-Williams's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams's payout ratio is presently 29.49%.

Insiders Place Their Bets

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.23% of the company's stock.

Sherwin-Williams Company Profile

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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