NorthCrest Asset Manangement LLC Makes New $579,000 Investment in The Sherwin-Williams Company $SHW

NorthCrest Asset Manangement LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,804 shares of the specialty chemicals company’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $6,100,083,000. Wellington Management Group LLP lifted its holdings in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after buying an additional 1,593,009 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $547,097,000. Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams in the second quarter worth $459,652,000. Finally, Bank of America Corp DE acquired a new stake in shares of Sherwin-Williams in the second quarter worth $412,339,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group set a $363.00 price target on Sherwin-Williams and gave the company a “neutral” rating in a report on Monday, October 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $392.00 target price (down from $420.00) on shares of Sherwin-Williams in a research note on Friday, October 9th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Citigroup cut their price target on shares of Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $382.08.

Insider Buying and Selling

In other Sherwin-Williams news, 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 completion of the sale, the insider owned 11,944 shares of the company’s stock, 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 is accessible through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction 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 completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

Sherwin-Williams Trading Down 0.6%

Shares of SHW traded down $2.12 during trading hours on Friday, hitting $334.80. 1,792,917 shares of the stock traded hands, compared to its average volume of 1,675,456. The firm has a market capitalization of $81.28 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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 Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77. The business has a fifty day moving average of $333.46 and a 200-day moving average of $328.33.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping 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 company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the company earned $3.38 EPS. Sherwin-Williams’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts expect that The Sherwin-Williams Company will post 12.09 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.