The Manufacturers Life Insurance Company Takes Position in The Sherwin-Williams Company $SHW

The Manufacturers Life Insurance Company purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 116,784 shares of the specialty chemicals company’s stock, valued at approximately $40,211,000.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Sherwin-Williams during the second quarter worth $6,100,083,000. State Street Corp grew its holdings in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC increased its position in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $1,089,450,000. Finally, Viking Global Investors LP boosted its stake in Sherwin-Williams by 10.1% during the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock worth $1,027,923,000 after buying an additional 291,217 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents 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 company’s stock in a transaction dated 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 directly owned 21,937 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 0.5%

Sherwin-Williams stock opened at $348.57 on Thursday. The firm has a market capitalization of $84.62 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.61 and a beta of 1.10. The stock’s fifty day simple moving average is $341.95 and its 200-day simple moving average is $332.34. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (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 company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHW shares. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $390.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, BMO Capital Markets restated an “outperform” rating and set a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $386.29.

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.