Saudi Central Bank Has $5.66 Million Position in The Sherwin-Williams Company $SHW

Saudi Central Bank lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 89.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,450 shares of the specialty chemicals company’s stock after buying an additional 7,757 shares during the period. Saudi Central Bank’s holdings in Sherwin-Williams were worth $5,664,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC lifted its position in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at $27,000. Montgomery Financial Services LLC acquired a new stake in Sherwin-Williams during the second quarter worth $29,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams during the first quarter worth $28,000. Finally, Tacita Capital Inc bought a new stake in Sherwin-Williams in the 2nd quarter valued at $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.1%

Shares of NYSE SHW opened at $333.51 on Monday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The business has a fifty day moving average of $343.07 and a two-hundred day moving average of $330.88. The stock has a market cap of $80.96 billion, a PE ratio of 30.74, a PEG ratio of 2.49 and a beta of 1.09.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Insider Activity at Sherwin-Williams

In related news, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 completion of the transaction, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, August 24th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Guggenheim initiated coverage on Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.