Triton Financial Group Inc Takes Position in The Sherwin-Williams Company $SHW

Triton Financial Group Inc bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,296 shares of the specialty chemicals company’s stock, valued at approximately $1,479,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC boosted its stake in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams in the first quarter valued at about $28,000. Finally, Tacita Capital Inc acquired a new position in shares of Sherwin-Williams in the second quarter valued at about $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.0%

SHW stock opened at $345.20 on Friday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The business has a 50-day simple moving average of $342.43 and a 200 day simple moving average of $332.22. 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 company has a market cap of $83.80 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (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 for the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the prior year, the company 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. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared 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 is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $386.29.

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.