Financial & Tax Architects LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 10.6% in the second quarter, Holdings Channel.com reports. The fund owned 22,203 shares of the specialty chemicals company’s stock after purchasing an additional 2,136 shares during the period. Sherwin-Williams comprises about 1.6% of Financial & Tax Architects LLC’s holdings, making the stock its 17th biggest position. Financial & Tax Architects LLC’s holdings in Sherwin-Williams were worth $7,645,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings 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 valued at $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC increased its holdings 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 worth $2,178,000 after purchasing an additional 626 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Sherwin-Williams in the second quarter worth about $1,210,000. Sei Investments Co. lifted its position in shares of Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after buying an additional 59,831 shares in the last quarter. Finally, Glenview Trust co boosted its stake in 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 last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction on 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 of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.
Sherwin-Williams Trading Up 0.4%
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $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 year.
Sherwin-Williams Announces Dividend
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 given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.
Analyst Ratings Changes
SHW has been the subject of several research analyst reports. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $385.44.
View Our Latest Analysis on Sherwin-Williams
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.
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