Kinetic Partners Management LP Takes Position in The Sherwin-Williams Company $SHW

Kinetic Partners Management LP acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,073 shares of the specialty chemicals company’s stock, valued at approximately $7,256,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. State Street Corp increased its holdings in shares of Sherwin-Williams by 2.4% in the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Finally, Viking Global Investors LP raised its position in shares of Sherwin-Williams by 10.1% in the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after purchasing an additional 291,217 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SHW shares. Guggenheim began coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective for the company. UBS Group reiterated a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams 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 note on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Insider Activity

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction 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 transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 21,937 shares in the company, 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. 0.23% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $350.27 on Wednesday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The stock has a market capitalization of $85.03 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The company’s 50 day simple moving average is $341.24 and its 200 day simple moving average is $332.43.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS 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 firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The business’s revenue for the quarter 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. As a group, research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

About Sherwin-Williams

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.