OneAscent Financial Services LLC Invests $588,000 in The Sherwin-Williams Company $SHW

OneAscent Financial Services LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,708 shares of the specialty chemicals company’s stock, valued at approximately $588,000.

Several other large investors also recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC increased its stake in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth about $28,000. Finally, Tacita Capital Inc bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $30,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHW. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Finally, Guggenheim started coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price for the company. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.

Insider Activity

In other news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

Sherwin-Williams Stock Down 2.0%

Shares of SHW opened at $346.60 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year 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 stock has a 50 day simple moving average of $339.56 and a two-hundred day simple moving average of $332.71. The firm has a market cap of $84.14 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.63 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

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.