Great Lakes Advisors LLC Takes Position in The Sherwin-Williams Company $SHW

Great Lakes Advisors LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,131 shares of the specialty chemicals company’s stock, valued at approximately $1,078,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Balanced Wealth Group LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth about $919,000. Danske Bank A S purchased a new position in shares of Sherwin-Williams during the second quarter worth about $56,000. Diversify Advisory Services LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $738,000. Oxbow Advisors LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $227,000. Finally, Wealthfront Advisers LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $7,775,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s 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 completion of the sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Up 0.0%

NYSE SHW opened at $347.02 on Friday. 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 market capitalization of $84.24 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The firm has a 50-day moving average price of $340.16 and a 200 day moving average price of $332.81.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the company earned $3.38 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHW shares. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Guggenheim assumed coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target for the company. Finally, Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Company 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.