MidFirst Bank Acquires New Position in The Sherwin-Williams Company $SHW

MidFirst Bank purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, HoldingsChannel reports. The firm purchased 10,392 shares of the specialty chemicals company’s stock, valued at approximately $3,578,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in Sherwin-Williams during the fourth quarter valued at $2,496,000. Kinsale Capital Group Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $4,805,000. Calamos Advisors LLC boosted its stake in Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after buying an additional 9,196 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the last quarter. Finally, Eos Management L.P. grew its holdings in Sherwin-Williams by 23.6% during the 4th quarter. Eos Management L.P. now owns 15,261 shares of the specialty chemicals company’s stock valued at $4,945,000 after buying an additional 2,909 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 2.7%

NYSE SHW opened at $349.57 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.68 and a beta of 1.10. The company has a fifty day moving average of $337.29 and a two-hundred day moving average of $332.81.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a report on Monday, June 8th. Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and issued a $405.00 price target (up from $400.00) 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams 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.