Dearborn Partners LLC Acquires Shares of 87,391 The Sherwin-Williams Company $SHW

Dearborn Partners LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, HoldingsChannel.com reports. The fund acquired 87,391 shares of the specialty chemicals company’s stock, valued at approximately $28,013,000. Sherwin-Williams makes up about 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 22nd largest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Sherwin-Williams in the 2nd quarter valued at $6,100,083,000. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Bank of New York Mellon Corp bought a new position in shares of Sherwin-Williams in the second quarter valued at about $547,097,000. Viking Global Investors LP lifted its stake in shares of Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $297,600,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SHW shares. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. DA Davidson set a $400.00 price objective on Sherwin-Williams in a report on Monday. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research report on Monday, June 8th. Finally, Citigroup reiterated a “buy” rating on shares of 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $346.78 on Tuesday. The stock’s fifty day moving average price is $340.68 and its two-hundred day moving average price is $332.55. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. 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 firm has a market cap of $84.19 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid 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 29.49%.

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.