1,718 The Sherwin-Williams Company $SHW Shares Purchased by Community Trust & Investment Co.

Community Trust & Investment Co. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,188 shares of the specialty chemicals company’s stock after acquiring an additional 1,718 shares during the period. Community Trust & Investment Co.’s holdings in Sherwin-Williams were worth $13,961,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at $5,473,000. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $6,100,083,000. William John Sempolinski purchased a new stake in shares of Sherwin-Williams in the second quarter worth approximately $2,456,000. Royal Bank of Canada grew its stake in shares of Sherwin-Williams by 9.8% in the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock worth $309,832,000 after acquiring an additional 86,254 shares in the last quarter. Finally, Meeder Advisory Services Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $2,123,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction 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 sale, the insider 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams 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 sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was 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 Trading Up 3.8%

Shares of NYSE:SHW opened at $336.77 on Friday. 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 stock has a market capitalization of $81.76 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.42 and a beta of 1.08. The stock’s 50-day simple moving average is $334.16 and its two-hundred day simple moving average is $328.29. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.60 billion. During the same quarter last year, the company posted $3.38 EPS. The company’s 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. Analysts expect that The Sherwin-Williams Company will post 12.09 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on SHW. Berenberg Bank lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America lifted their price target on Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Guggenheim started coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective on the stock. Mizuho set a $396.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research report on Thursday, September 24th. Finally, DA Davidson set a $400.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $382.08.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.