Van ECK Associates Corp Decreases Position in The Sherwin-Williams Company $SHW

Van ECK Associates Corp decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,020 shares of the specialty chemicals company’s stock after selling 3,731 shares during the period. Van ECK Associates Corp’s holdings in Sherwin-Williams were worth $15,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wilkerson Advisory Group LLC raised its stake in shares of Sherwin-Williams by 172.4% in the first 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 in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams during the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the 1st quarter worth $28,000. Tacita Capital Inc purchased a new stake in Sherwin-Williams during the 2nd quarter worth about $30,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction that occurred 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 transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 1.8%

Sherwin-Williams stock opened at $338.66 on Tuesday. The stock has a market cap of $82.21 billion, a PE ratio of 31.21, a P/E/G ratio of 2.57 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. The stock’s fifty day moving average is $343.33 and its two-hundred day moving average is $331.93. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $6.60 billion. During the same period in the prior year, the firm posted $3.38 EPS. The business’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. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm 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 $0.80 dividend. 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%.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, August 24th. UBS Group restated a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research note on Monday, June 8th. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Company 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.