Insider Selling: Sherwin-Williams (NYSE:SHW) Insider Sells $2,904,413.80 in Stock

The Sherwin-Williams Company (NYSE:SHW) insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sherwin-Williams Trading Up 0.4%

Shares of SHW stock opened at $361.62 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 stock has a market capitalization of $87.79 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The stock’s 50-day moving average price is $335.22 and its 200-day moving average price is $332.72.

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 analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal 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 given a dividend of $0.80 per share. 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 is currently 29.49%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHW. UBS Group reaffirmed a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Guggenheim began coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective for the company. Jefferies Financial Group restated a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $385.44.

Institutional Trading of Sherwin-Williams

A number of institutional investors have recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $2,496,000. Kinsale Capital Group Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $4,805,000. Calamos Advisors LLC lifted its stake in shares of Sherwin-Williams by 5.4% during the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock worth $58,520,000 after acquiring an additional 9,196 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the period. Finally, Blueline Advisors LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at $1,694,000. 77.67% of the stock is currently owned by institutional investors.

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.