Kingsview Wealth Management LLC Invests $619,000 in The Sherwin-Williams Company $SHW

Kingsview Wealth Management LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, HoldingsChannel reports. The firm purchased 1,798 shares of the specialty chemicals company’s stock, valued at approximately $619,000.

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

Insider Activity

In related news, insider Karl J. 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 transaction of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the company’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 value of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research note on Monday, June 8th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $386.29.

Sherwin-Williams Stock Up 0.0%

SHW opened at $344.92 on Monday. The business’s fifty day moving average is $342.90 and its two-hundred day moving average is $332.11. 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 company has a market cap of $83.73 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.57 and a beta of 1.10. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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 business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

About Sherwin-Williams

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.