Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,054 Shares of The Sherwin-Williams Company $SHW

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,796 shares of the specialty chemicals company’s stock after selling 3,054 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Sherwin-Williams were worth $95,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Landaas & Co. WI ADV bought a new stake in Sherwin-Williams in the second quarter valued at $214,000. Greenleaf Trust lifted its position in shares of Sherwin-Williams by 1.0% in the 2nd quarter. Greenleaf Trust now owns 10,842 shares of the specialty chemicals company’s stock worth $3,733,000 after purchasing an additional 111 shares during the period. Oak Thistle LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $610,000. IFP Advisors Inc boosted its stake in shares of Sherwin-Williams by 0.8% during the 2nd quarter. IFP Advisors Inc now owns 11,777 shares of the specialty chemicals company’s stock valued at $4,055,000 after purchasing an additional 92 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of Sherwin-Williams by 23.3% during the second quarter. Gateway Investment Advisers LLC now owns 1,789 shares of the specialty chemicals company’s stock valued at $616,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’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 transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SHW shares. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a report on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Guggenheim began coverage on Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price for the company. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $385.44.

Sherwin-Williams Stock Up 0.4%

Shares of Sherwin-Williams stock opened at $361.62 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The company has a 50-day moving average of $335.22 and a 200 day moving average of $332.72. The firm has a market cap of $87.79 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted 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. 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%. Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given 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 of this dividend is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 29.49%.

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.