NewEdge Wealth LLC Purchases Shares of 4,048 The Sherwin-Williams Company $SHW

NewEdge Wealth LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,048 shares of the specialty chemicals company’s stock, valued at approximately $1,394,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $2,496,000. Kinsale Capital Group Inc. acquired a new position in Sherwin-Williams in the 4th quarter worth about $4,805,000. Calamos Advisors LLC boosted its position in Sherwin-Williams by 5.4% during the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock worth $58,520,000 after purchasing an additional 9,196 shares in the last quarter. Vanguard Group Inc. boosted its position in Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Finally, Blueline Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $1,694,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other 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 directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the firm’s 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 directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This trade represents 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 company insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Nine 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $347.02 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. 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 company’s fifty day moving average price is $340.16 and its 200 day moving average price is $332.81.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share 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 firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 EPS. Sherwin-Williams’s quarterly revenue 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. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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 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 of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

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.