Quantitative Investment Management LLC Makes New Investment in The Sherwin-Williams Company $SHW

Quantitative Investment Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,522 shares of the specialty chemicals company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilkerson Advisory Group LLC grew its position in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $28,000. Tacita Capital Inc bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $30,000. Finally, Eastern Bank boosted its stake in shares of Sherwin-Williams by 50.8% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SHW shares. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $386.29.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 2.7%

Shares of NYSE SHW opened at $329.72 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The stock has a market capitalization of $80.04 billion, a PE ratio of 30.39, a P/E/G ratio of 2.52 and a beta of 1.09. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The business’s fifty day moving average price is $343.46 and its 200-day moving average price is $331.67.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $3.38 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.