The Sherwin-Williams Company $SHW Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 26.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 116,784 shares of the specialty chemicals company’s stock after selling 42,567 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sherwin-Williams were worth $40,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $2,496,000. Kinsale Capital Group Inc. acquired a new stake in Sherwin-Williams during the 4th quarter valued at $4,805,000. Blueline Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $1,694,000. BlackRock Inc. purchased a new stake in Sherwin-Williams during the 2nd quarter worth $6,100,083,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in Sherwin-Williams during the 2nd quarter worth $5,473,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was 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 $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karl Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred on 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 $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 company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SHW shares. Morgan Stanley reissued an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings raised Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. KeyCorp assumed coverage on Sherwin-Williams in a research note on Thursday. They issued a “sector weight” rating on the stock. Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

Sherwin-Williams Trading Up 1.8%

NYSE SHW opened at $323.14 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month 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 company has a market capitalization of $78.44 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. The company’s fifty day moving average price is $340.74 and its two-hundred day moving average price is $329.75.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.