JLB & Associates Inc. Makes New $7.47 Million Investment in The Sherwin-Williams Company $SHW

JLB & Associates Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,696 shares of the specialty chemicals company’s stock, valued at approximately $7,470,000.

Other hedge funds have also made changes to their positions in the company. Meeder Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $2,123,000. Meeder Asset Management Inc. purchased a new position in Sherwin-Williams in the second quarter worth approximately $67,000. Tiemann Investment Advisors LLC acquired a new stake in Sherwin-Williams during the second quarter worth $321,000. Citizens Financial Group Inc. RI acquired a new stake in Sherwin-Williams during the second quarter worth $1,744,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in Sherwin-Williams in the second quarter valued at $450,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction dated 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 directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Sherwin-Williams Stock Down 1.2%

NYSE:SHW opened at $345.62 on Wednesday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The stock’s fifty day moving average is $337.99 and its two-hundred day moving average is $332.78. The stock has a market capitalization of $83.90 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue was up 7.5% on a year-over-year basis. During the same period 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. Research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a 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.