Dearborn Partners LLC Buys New Shares in The Sherwin-Williams Company $SHW

Dearborn Partners LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,534 shares of the specialty chemicals company’s stock, valued at approximately $27,729,000. Sherwin-Williams comprises 1.3% of Dearborn Partners LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares during the period. Jump Financial LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $1,210,000. Sei Investments Co. lifted its stake in shares of Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co grew its holdings in shares of Sherwin-Williams by 4.8% during the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Guggenheim initiated coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Finally, Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $386.29.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction 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. This represents a 39.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $345.20 on Friday. The firm has a market capitalization of $83.80 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The stock’s 50 day moving average price is $342.43 and its 200 day moving average price is $332.22. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal 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 issued 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 (DPR) is presently 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.