146,875 Shares in The Sherwin-Williams Company $SHW Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 146,875 shares of the specialty chemicals company’s stock, valued at approximately $50,572,000.

Several other institutional investors also recently bought and sold shares of SHW. Bank of America Corp DE purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth $412,339,000. Port Capital LLC acquired a new position in Sherwin-Williams in the second quarter valued at $40,525,000. Freestone Grove Partners LP acquired a new position in Sherwin-Williams in the second quarter valued at $109,757,000. Caisse de depot et placement du Quebec purchased a new position in Sherwin-Williams during the second quarter worth about $5,473,000. Finally, Man Group plc purchased a new stake in Sherwin-Williams in the 2nd quarter valued at about $165,072,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. 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 value of $2,904,413.80. Following the transaction, 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 document filed with the SEC, 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 approximately $7,737,179.90. This trade 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.

Sherwin-Williams Stock Down 1.0%

NYSE SHW opened at $345.20 on Friday. The stock has a market cap of $83.80 billion, a PE ratio of 31.82, a P/E/G ratio of 2.60 and a beta of 1.10. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The business has a 50 day moving average price of $342.43 and a two-hundred day moving average price of $332.22. 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) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $3.38 earnings per share. The business’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, sell-side 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 declared 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 of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 29.49%.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. UBS Group reiterated a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.