Haverford Trust Co Buys New Position in The Sherwin-Williams Company $SHW

Haverford Trust Co bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,642 shares of the specialty chemicals company’s stock, valued at approximately $4,009,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC lifted its position in shares of 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 purchasing an additional 50 shares during the period. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams during the first quarter worth $28,000. Finally, Tacita Capital Inc acquired a new position in Sherwin-Williams in the second quarter valued at $30,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHW. Jefferies Financial Group reaffirmed a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Finally, Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $385.44.

Sherwin-Williams Trading Up 0.0%

NYSE:SHW opened at $347.02 on Friday. 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 stock has a market capitalization 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 firm has a fifty day simple moving average of $340.16 and a two-hundred day simple moving average of $332.81. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating 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 firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The business’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 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling

In related news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

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.