HighTower Advisors LLC Sells 20,724 Shares of The Sherwin-Williams Company $SHW

HighTower Advisors LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359,452 shares of the specialty chemicals company’s stock after selling 20,724 shares during the quarter. HighTower Advisors LLC owned 0.15% of Sherwin-Williams worth $123,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Wilkerson Advisory Group LLC lifted its holdings in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $27,000. Montgomery Financial Services LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $29,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $28,000. Finally, Tacita Capital Inc purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $30,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock 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 stock’s fifty day moving average is $343.07 and its two-hundred day moving average is $330.88. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The company has a market capitalization of $80.96 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed 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 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s payout ratio is 29.49%.

Wall Street Analyst Weigh In

SHW has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday, June 8th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Monday, August 24th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $386.29.

Insider Transactions at Sherwin-Williams

In other news, insider Karl Jorgenrud sold 7,886 shares of the firm’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 transaction, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction 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 represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams 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.