Formuepleje A S Makes New $1.13 Million Investment in The Sherwin-Williams Company $SHW

Formuepleje A S bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,285 shares of the specialty chemicals company’s stock, valued at approximately $1,131,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHW. California State Teachers Retirement System boosted its stake in shares of Sherwin-Williams by 33,736.2% during the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock worth $45,880,681,000 after acquiring an additional 132,856,309 shares in the last quarter. BlackRock Inc. purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $6,100,083,000. Norges Bank acquired a new position in Sherwin-Williams during the fourth quarter worth $1,089,450,000. Wellington Management Group LLP raised its holdings in Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Sherwin-Williams during the second quarter worth $547,097,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research report on Monday, June 8th. UBS Group reiterated a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Stock Down 0.1%

Shares of NYSE:SHW opened at $333.51 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 company has a market capitalization of $80.96 billion, a P/E ratio of 30.74, a P/E/G ratio of 2.49 and a beta of 1.09. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The stock’s fifty day simple moving average is $343.07 and its 200-day simple moving average is $330.88.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is 29.49%.

Insider Buying and Selling

In other news, insider Karl Jorgenrud sold 7,886 shares of the business’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 value of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

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.