Commerce Bank Invests $7.37 Million in The Sherwin-Williams Company $SHW

Commerce Bank bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,408 shares of the specialty chemicals company’s stock, valued at approximately $7,371,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sapient Capital LLC raised its position in Sherwin-Williams by 0.3% in the fourth quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after purchasing an additional 30 shares during the period. Eastern Bank boosted its position in shares of Sherwin-Williams by 50.8% in the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 30 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Sherwin-Williams by 6.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock worth $171,000 after buying an additional 31 shares during the period. Heartland Bank & Trust Co grew its stake in shares of Sherwin-Williams by 2.8% in the first quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock valued at $376,000 after buying an additional 32 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its stake in shares of Sherwin-Williams by 1.9% in 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 in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $347.02 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The stock’s 50 day moving average is $340.16 and its two-hundred day moving average is $332.64. The company has a market capitalization of $84.24 billion, a PE ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its 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 company 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Guggenheim assumed coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.44.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on 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 transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.