Coastal Bridge Advisors LLC Purchases New Shares in The Sherwin-Williams Company $SHW

Coastal Bridge Advisors LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,425 shares of the specialty chemicals company’s stock, valued at approximately $835,000.

Several other hedge funds have also recently modified their holdings of SHW. Sapient Capital LLC increased its position in shares of Sherwin-Williams by 0.3% during the fourth quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after acquiring an additional 30 shares during the last quarter. Eastern Bank grew its stake in Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 30 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Sherwin-Williams by 6.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 31 shares during the last quarter. Heartland Bank & Trust Co boosted its holdings in shares of Sherwin-Williams by 2.8% in the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after buying an additional 32 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its position in Sherwin-Williams by 1.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,789 shares of the specialty chemicals company’s stock valued at $580,000 after buying an additional 33 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Guggenheim initiated coverage on Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price target for the company. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday, June 8th. Finally, The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $345.20 on Friday. The firm’s 50 day simple moving average is $342.43 and its 200 day simple moving average is $332.22. 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 firm has a market capitalization of $83.80 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion during 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%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction 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 $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Company Profile

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.