The Sherwin-Williams Company $SHW Stock: Norris Perne & French LLP MI Raises Stake

Norris Perne & French LLP MI raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 194.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,175 shares of the specialty chemicals company’s stock after buying an additional 67,482 shares during the quarter. Sherwin-Williams comprises 1.5% of Norris Perne & French LLP MI’s portfolio, making the stock its 20th largest holding. Norris Perne & French LLP MI’s holdings in Sherwin-Williams were worth $33,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Wilkerson Advisory Group LLC boosted its position in shares of Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 50 shares during the period. GK Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in Sherwin-Williams during the first quarter valued at approximately $28,000. Montgomery Financial Services LLC bought a new stake in Sherwin-Williams during the 2nd quarter worth approximately $29,000. Finally, Tacita Capital Inc bought a new stake in Sherwin-Williams during the 2nd quarter worth approximately $30,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 2.5%

Shares of NYSE SHW opened at $336.93 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average of $331.09 and a 200-day moving average of $328.96. The firm has a market capitalization of $81.79 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.63 and a beta of 1.08. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12.07 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 29.49%.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on SHW shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a research note on Friday, October 9th. BNP Paribas Exane upped their price target on shares of Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Bank of America upped their price target on shares of Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Mizuho set a $396.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $382.08.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.