Iyo Bank Ltd. Buys New Position in The Sherwin-Williams Company $SHW

Iyo Bank Ltd. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, Holdings Channel reports. The firm purchased 15,160 shares of the specialty chemicals company’s stock, valued at approximately $5,220,000. Sherwin-Williams makes up about 1.6% of Iyo Bank Ltd.’s holdings, making the stock its 24th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. Norges Bank purchased a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $547,097,000. Viking Global Investors LP increased its holdings in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $297,600,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $347.02 on Friday. 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 cap of $84.24 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The firm’s fifty day moving average price is $340.16 and its 200 day moving average price is $332.81. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.38 EPS. 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 year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders 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 payout ratio is currently 29.49%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. UBS Group reaffirmed a “neutral” rating and issued a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Insider Activity at Sherwin-Williams

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 transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was 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 of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

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.