Empowered Funds LLC Invests $9.14 Million in The Sherwin-Williams Company $SHW

Empowered Funds LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,560 shares of the specialty chemicals company’s stock, valued at approximately $9,145,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams in the second quarter worth $6,100,083,000. Norges Bank acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $1,089,450,000. Bank of New York Mellon Corp purchased a new stake in Sherwin-Williams during the 2nd quarter worth $547,097,000. Legal & General Group Plc acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $459,652,000. Finally, Bank of America Corp DE acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $412,339,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SHW shares. Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Insider Activity

In related news, insider Justin T. Binns sold 13,500 shares of the firm’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 transaction, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. 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 stock in a transaction on Friday, August 7th. The stock was 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 trade represents a 39.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Down 0.1%

Shares of SHW opened at $344.92 on Friday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The stock has a 50-day moving average price of $342.90 and a 200 day moving average price of $332.31. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $83.73 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.57 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams 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.