Nippon Life Global Investors Americas Inc. Invests $1.37 Million in The Sherwin-Williams Company $SHW

Nippon Life Global Investors Americas Inc. bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,970 shares of the specialty chemicals company’s stock, valued at approximately $1,367,000.

A number of other large investors have also added to or reduced their stakes in SHW. Norges Bank bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $1,089,450,000. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $547,097,000. Viking Global Investors LP lifted its position in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after buying an additional 660,997 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.2%

NYSE:SHW opened at $358.40 on Monday. The company’s 50 day moving average price is $336.29 and its 200-day moving average price is $332.78. 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 has a market cap of $87.01 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.68 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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 net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the business posted $3.38 earnings per share. The business’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 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 announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid 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 yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SHW shares. Guggenheim assumed coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $395.00 price target (up from $385.00) 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 assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.

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.