Jupiter Topco LLC Takes $10.61 Million Position in The Sherwin-Williams Company $SHW

Jupiter Topco LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, Holdings Channel reports. The firm purchased 30,845 shares of the specialty chemicals company’s stock, valued at approximately $10,611,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC grew its position in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $1,210,000. Sei Investments Co. increased its stake in shares of Sherwin-Williams by 43.6% during the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after buying an additional 59,831 shares during the period. Finally, Glenview Trust co increased its stake in shares of Sherwin-Williams by 4.8% during the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock valued at $1,116,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $344.92 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 company has a market cap of $83.73 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The stock has a fifty day simple moving average of $342.90 and a two-hundred day simple moving average of $332.31. 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 announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s 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 sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHW. DA Davidson set a $400.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

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.