Jefferies Financial Group Inc. Takes $2.89 Million Position in The Sherwin-Williams Company $SHW

Jefferies Financial Group Inc. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,385 shares of the specialty chemicals company’s stock, valued at approximately $2,887,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $6,100,083,000. State Street Corp grew its position 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 valued at $5,067,497,000 after acquiring an additional 364,832 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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. Norges Bank bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Finally, Viking Global Investors LP grew its holdings in shares of Sherwin-Williams by 10.1% during 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 purchasing an additional 291,217 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on SHW shares. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Price Performance

SHW stock opened at $344.92 on Friday. The stock has a market capitalization of $83.73 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.57 and a beta of 1.10. The firm’s 50-day moving average price is $342.90 and its two-hundred day moving average price is $332.31. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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 analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $3.38 earnings per share. 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 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was 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 of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

About Sherwin-Williams

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.