Kirtland Hills Capital Management LLC Purchases Shares of 6,852 The Sherwin-Williams Company $SHW

Kirtland Hills Capital Management LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,852 shares of the specialty chemicals company’s stock, valued at approximately $2,359,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $2,101,000. Alta Advisers Ltd bought a new stake in Sherwin-Williams in the second quarter valued at approximately $312,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $3,527,000. Commerce Bank bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $7,371,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $48,429,000. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred 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 sale, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction 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 approximately $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHW. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. 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. UBS Group reiterated a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.

Sherwin-Williams Stock Up 0.0%

Shares of NYSE:SHW opened at $347.02 on Friday. The stock has a 50 day moving average price of $340.16 and a 200-day moving average price of $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 firm 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 Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given 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 payout ratio is currently 29.49%.

Sherwin-Williams Profile

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.