State Street Corp Decreases Stock Position in The Sherwin-Williams Company $SHW

State Street Corp lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,564,560 shares of the specialty chemicals company’s stock after selling 32,755 shares during the period. State Street Corp owned 0.06% of Sherwin-Williams worth $5,359,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Wilkerson Advisory Group LLC raised its holdings in shares of Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Sherwin-Williams in the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in Sherwin-Williams during the first quarter valued at $28,000. Montgomery Financial Services LLC purchased a new position in Sherwin-Williams during the second quarter worth $29,000. Finally, Tacita Capital Inc bought a new position in Sherwin-Williams during the second quarter valued at $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $387.18.

Insiders Place Their Bets

In other 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 owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Karl Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 1.7%

SHW stock traded up $5.40 during trading on Tuesday, hitting $326.71. The company had a trading volume of 435,681 shares, compared to its average volume of 1,963,770. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a 50 day simple moving average of $339.09 and a 200-day simple moving average of $327.98. The firm has a market capitalization of $79.31 billion, a P/E ratio of 30.15, a PEG ratio of 2.39 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last issued its earnings results 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. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business 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 earnings per share. The company’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. As a group, research analysts forecast that The Sherwin-Williams Company will post 12.09 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.