The Sherwin-Williams Company $SHW Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 30.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,742 shares of the specialty chemicals company’s stock after acquiring an additional 3,887 shares during the quarter. Wedbush Securities Inc.’s holdings in Sherwin-Williams were worth $5,412,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. XXI Wealth LLC grew its holdings in Sherwin-Williams by 28.8% during the 3rd quarter. XXI Wealth LLC now owns 1,373 shares of the specialty chemicals company’s stock valued at $444,000 after purchasing an additional 307 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Sherwin-Williams by 0.5% in the third quarter. Yousif Capital Management LLC now owns 42,145 shares of the specialty chemicals company’s stock valued at $13,624,000 after buying an additional 227 shares during the last quarter. MBL Wealth LLC raised its position in shares of Sherwin-Williams by 44.4% during the 3rd quarter. MBL Wealth LLC now owns 1,509 shares of the specialty chemicals company’s stock valued at $488,000 after acquiring an additional 464 shares in the last quarter. Curry Webb Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the third quarter worth $194,000. Finally, NBT Bank N.A. acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $779,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SHW shares. BNP Paribas Exane raised their target price 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. KeyCorp initiated coverage on shares of Sherwin-Williams in a report on Thursday, September 10th. They issued a “sector weight” rating on the stock. 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. Wells Fargo & Company set a $340.00 price target on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Finally, Guggenheim started coverage on Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.

Sherwin-Williams Stock Down 2.5%

Shares of SHW stock traded down $8.70 during trading on Friday, hitting $336.93. 1,480,317 shares of the company were exchanged, compared to its average volume of 1,519,209. The business’s 50-day simple moving average is $331.09 and its 200 day simple moving average is $328.96. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The firm has a market capitalization of $81.79 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.70 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The company 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 company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior 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 forecast that The Sherwin-Williams Company will post 12.07 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

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.