Saudi Central Bank Has $5.66 Million Stake in The Sherwin-Williams Company $SHW

Saudi Central Bank lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 89.2% in the second quarter, HoldingsChannel.com reports. The firm owned 16,450 shares of the specialty chemicals company’s stock after purchasing an additional 7,757 shares during the quarter. Saudi Central Bank’s holdings in Sherwin-Williams were worth $5,664,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Wilkerson Advisory Group LLC lifted its holdings in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at $28,000. Montgomery Financial Services LLC bought a new position in Sherwin-Williams in the second quarter valued at about $29,000. Finally, Tacita Capital Inc acquired a new stake in Sherwin-Williams in the second quarter worth about $30,000. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’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 sale, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Justin Binns sold 13,500 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $333.51 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $80.96 billion, a P/E ratio of 30.74, a PEG ratio of 2.49 and a beta of 1.09. The business has a 50-day moving average of $343.07 and a 200-day moving average of $330.88. 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 announced its quarterly earnings results 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. The business had revenue of $6.79 billion for 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 period last year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on SHW shares. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.29.

Sherwin-Williams 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.