The Sherwin-Williams Company $SHW Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,990 shares of the specialty chemicals company’s stock after acquiring an additional 1,556 shares during the quarter. Mission Wealth Management LP’s holdings in Sherwin-Williams were worth $6,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares in the last quarter. State Street Corp boosted its stake in shares of Sherwin-Williams by 2.4% in the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC increased its stake in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after buying an additional 37,145 shares during the period. Norges Bank purchased a new position in Sherwin-Williams in the 4th quarter valued at approximately $1,089,450,000. Finally, Viking Global Investors LP boosted its position in Sherwin-Williams by 10.1% in the 4th quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after buying an additional 291,217 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHW shares. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Bank of America lowered their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price 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. Finally, The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven 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 $385.44.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $360.28 on Thursday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market capitalization of $87.46 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10. The business’s fifty day moving average price is $333.99 and its 200 day moving average price is $332.62.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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. The company had revenue of $6.79 billion during 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% on a year-over-year basis. 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. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insiders Place Their Bets

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

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.