Sumitomo Life Insurance Co. Takes $1.11 Million Position in The Sherwin-Williams Company $SHW

Sumitomo Life Insurance Co. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,229 shares of the specialty chemicals company’s stock, valued at approximately $1,112,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new stake in Sherwin-Williams in the second quarter worth $5,522,000. Korea Investment CORP purchased a new position in Sherwin-Williams during the second quarter valued at $78,193,000. EP Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $2,704,000. Heartland Bank & Trust Co purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $432,000. Finally, Ieq Capital LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $1,406,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $347.02 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The firm’s 50-day moving average is $340.16 and its 200 day moving average is $332.81. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.58 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $3.38 EPS. 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 Dividend Announcement

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 of this dividend 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 29.49%.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred 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 transaction, 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. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SHW. 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 report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. UBS Group reaffirmed a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research note on Wednesday, July 29th. Nine 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, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Sherwin-Williams Company 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.