Rakuten Investment Management Inc. Acquires Shares of 37,839 The Sherwin-Williams Company $SHW

Rakuten Investment Management Inc. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,839 shares of the specialty chemicals company’s stock, valued at approximately $13,028,000.

Several other hedge funds also recently made changes to their positions in SHW. Brighton Jones LLC raised its holdings in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC increased its position in shares of 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 period. Jump Financial LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at about $1,210,000. Sei Investments Co. raised its stake in shares of 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 acquiring an additional 59,831 shares during the last quarter. Finally, Glenview Trust co boosted its holdings in shares of 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 period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a report on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $386.29.

Sherwin-Williams Price Performance

SHW stock opened at $344.92 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company has a market cap of $83.73 billion, a P/E ratio of 31.79, a PEG ratio of 2.57 and a beta of 1.10. The firm has a 50-day moving average of $342.90 and a 200 day moving average of $332.31. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the business posted $3.38 earnings per share. Sherwin-Williams’s quarterly revenue 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. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company’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 of the company’s stock, valued at $4,398,975.20. This 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 link. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction on 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 completion of 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 position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

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.