Insider Selling: Sherwin-Williams (NYSE:SHW) Insider Sells 13,500 Shares of Stock

The Sherwin-Williams Company (NYSE:SHW) insider Justin Binns sold 13,500 shares of the stock in a transaction 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 transaction, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $7.89 during trading on Wednesday, hitting $353.16. The company had a trading volume of 1,538,299 shares, compared to its average volume of 2,022,111. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. 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 has a fifty day simple moving average of $337.99 and a two-hundred day simple moving average of $332.78. The firm has a market capitalization of $85.73 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the company posted $3.38 EPS. Sherwin-Williams’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. On average, research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 29.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board grew its stake in shares of Sherwin-Williams by 6.5% in the second quarter. New Mexico Educational Retirement Board now owns 11,463 shares of the specialty chemicals company’s stock valued at $3,947,000 after buying an additional 700 shares in the last quarter. Mufg Securities Americas Inc. boosted its holdings in Sherwin-Williams by 8.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,909 shares of the specialty chemicals company’s stock valued at $2,379,000 after acquiring an additional 530 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Sherwin-Williams by 5.6% in the second quarter. Hsbc Holdings PLC now owns 846,534 shares of the specialty chemicals company’s stock valued at $291,255,000 after purchasing an additional 44,758 shares during the period. Field & Main Bank acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $192,000. Finally, Wellington Management Group LLP increased its stake in Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after buying an additional 1,593,009 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHW. 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 note on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research report on Monday, June 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Bank of America reduced their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Finally, Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock 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.