13,298 Shares in The Sherwin-Williams Company $SHW Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 13,298 shares of the specialty chemicals company’s stock, valued at approximately $4,552,000.

Several other hedge funds also recently modified their holdings of SHW. Wilkerson Advisory Group LLC boosted its stake in Sherwin-Williams by 172.4% in the first 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. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the first quarter valued at approximately $28,000. Finally, Eastern Bank raised 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 valued at $31,000 after purchasing an additional 30 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE:SHW opened at $358.40 on Monday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $87.01 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company has a 50-day simple moving average of $336.29 and a 200 day simple moving average of $332.78.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share 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 for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the business earned $3.38 earnings per share. The business’s 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. Sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 paid a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $385.44.

Insiders Place Their Bets

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.