Wealthfront Advisers LLC Buys Shares of 22,581 The Sherwin-Williams Company $SHW

Wealthfront Advisers LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,581 shares of the specialty chemicals company’s stock, valued at approximately $7,775,000.

A number of other institutional investors also recently modified their holdings of SHW. Wilkerson Advisory Group LLC boosted its stake in 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 buying an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams during the fourth quarter worth about $27,000. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in shares of Sherwin-Williams in the first quarter worth about $28,000. Finally, Eastern Bank lifted its holdings in shares of Sherwin-Williams by 50.8% in the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were 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 of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction 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 transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 price target on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed 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, JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $353.16 on Thursday. The firm has a market capitalization of $85.73 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.57 and a beta of 1.10. 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 business’s 50-day moving average price is $338.97 and its 200-day moving average price is $332.77. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.

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, 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 return on equity of 67.97% and a net margin of 11.01%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is 29.49%.

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.