Freestone Grove Partners LP Invests $109.76 Million in The Sherwin-Williams Company $SHW

Freestone Grove Partners LP acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 318,764 shares of the specialty chemicals company’s stock, valued at approximately $109,757,000. Sherwin-Williams accounts for about 0.7% of Freestone Grove Partners LP’s holdings, making the stock its 22nd biggest position. Freestone Grove Partners LP owned about 0.13% of Sherwin-Williams at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wilkerson Advisory Group LLC lifted its holdings 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 acquiring an additional 50 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $28,000. Finally, Tacita Capital Inc bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $30,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction 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 in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a report on Tuesday, July 28th. Guggenheim initiated coverage on Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective for the company. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Berenberg Bank set a $380.00 target price on Sherwin-Williams in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Stock Performance

Shares of SHW opened at $348.57 on Thursday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a 50-day moving average of $341.95 and a two-hundred day moving average of $332.34. The stock has a market cap of $84.62 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.61 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given 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 payout ratio is presently 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.