479,415 Shares in The Sherwin-Williams Company $SHW Bought by Man Group plc

Man Group plc bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 479,415 shares of the specialty chemicals company’s stock, valued at approximately $165,072,000.

A number of other institutional investors have also recently made changes to their positions in SHW. BlackRock Inc. acquired a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $6,100,083,000. Norges Bank acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $547,097,000. Legal & General Group Plc bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $459,652,000. Finally, Viking Global Investors LP boosted its stake in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 completion of the sale, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following 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 SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $350.27 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a fifty day moving average of $341.24 and a 200-day moving average of $332.43. The firm has a market capitalization of $85.03 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the company posted $3.38 earnings per share. The business’s quarterly 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. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is 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.