Varma Mutual Pension Insurance Co Buys Shares of 47,893 The Sherwin-Williams Company $SHW

Varma Mutual Pension Insurance Co acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 47,893 shares of the specialty chemicals company’s stock, valued at approximately $16,491,000.

Several other large investors have also recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC grew its position in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $28,000. Finally, Tacita Capital Inc bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was 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 $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.0%

NYSE:SHW opened at $347.02 on Friday. The company has a market capitalization of $84.24 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10. The stock’s 50 day moving average price is $340.16 and its 200 day moving average price is $332.81. 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 Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its 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 the consensus estimate of $6.60 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on SHW shares. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $385.44.

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.