The Sherwin-Williams Company $SHW Position Trimmed by PineStone Asset Management Inc.

PineStone Asset Management Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,524,908 shares of the specialty chemicals company’s stock after selling 39,720 shares during the quarter. Sherwin-Williams accounts for 3.3% of PineStone Asset Management Inc.’s portfolio, making the stock its 9th biggest holding. PineStone Asset Management Inc.’s holdings in Sherwin-Williams were worth $492,957,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Eastern Bank boosted its position in shares of Sherwin-Williams by 50.8% during the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 30 shares during the last quarter. Focus Financial Network Inc. grew its holdings in shares of Sherwin-Williams by 1.0% in the third quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $992,000 after purchasing an additional 31 shares in the last quarter. Heartland Bank & Trust Co increased its position in Sherwin-Williams by 2.8% in the first quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after purchasing an additional 32 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Sherwin-Williams by 8.5% in the first quarter. Physician Wealth Advisors Inc. now owns 432 shares of the specialty chemicals company’s stock worth $138,000 after purchasing an additional 34 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake in Sherwin-Williams by 1.0% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 3,309 shares of the specialty chemicals company’s stock valued at $1,139,000 after purchasing an additional 34 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the business’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 transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin Binns sold 13,500 shares of the company’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 transaction, the insider directly owned 21,937 shares in the company, 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. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 0.6%

Shares of SHW opened at $334.80 on Friday. 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 business has a fifty day moving average of $333.46 and a 200 day moving average of $328.33. The company has a market cap of $81.28 billion, a PE ratio of 30.86, a P/E/G ratio of 2.50 and a beta of 1.08. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the business posted $3.38 earnings per share. The business’s 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 12.09 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 29.49%.

Analyst Ratings Changes

Several research firms have commented on SHW. Barclays set a $348.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. KeyCorp started coverage on shares of Sherwin-Williams in a report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Mizuho set a $396.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Thursday, September 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 price target (up from $360.00) on shares of Sherwin-Williams in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $382.08.

Sherwin-Williams Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.