Citizens Financial Group Inc. RI Acquires Shares of 5,064 The Sherwin-Williams Company $SHW

Citizens Financial Group Inc. RI acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,064 shares of the specialty chemicals company’s stock, valued at approximately $1,744,000.

A number of other hedge funds also recently modified their holdings of SHW. Brighton Jones LLC grew its stake in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC raised its holdings in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 626 shares during the period. Jump Financial LLC acquired a new stake in Sherwin-Williams during the second quarter worth approximately $1,210,000. Sei Investments Co. lifted its position in Sherwin-Williams by 43.6% during the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after acquiring an additional 59,831 shares during the last quarter. Finally, Glenview Trust co boosted its holdings in shares of Sherwin-Williams by 4.8% during the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by insiders.

Sherwin-Williams Trading Down 2.7%

Shares of NYSE:SHW opened at $349.57 on Tuesday. The company has a market capitalization of $84.86 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. 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 business’s 50 day simple moving average is $337.29 and its 200 day simple moving average is $332.81.

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. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Analyst Ratings Changes

Several equities analysts have recently commented on SHW shares. Guggenheim assumed coverage on Sherwin-Williams in a research report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a report on Monday, June 8th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus 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.