Korea Investment CORP Takes $78.19 Million Position in The Sherwin-Williams Company $SHW

Korea Investment CORP bought a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, Holdings Channel.com reports. The firm bought 227,095 shares of the specialty chemicals company’s stock, valued at approximately $78,193,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Sherwin-Williams by 2.7% during the 4th 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 during the period. BlackRock Inc. bought a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $6,100,083,000. State Street Corp boosted its stake in Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after acquiring an additional 364,832 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after acquiring an additional 37,145 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $1,089,450,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $347.02 on Friday. The firm’s 50 day simple moving average is $340.16 and its 200-day simple moving average is $332.81. 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 Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The firm has a market cap of $84.24 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

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, 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 firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the business earned $3.38 earnings per share. Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SHW shares. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research report on Monday, June 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Guggenheim assumed coverage on Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley reissued 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. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $385.44.

Insider Activity

In other Sherwin-Williams 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 transaction of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was 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 of the company’s stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

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.