156,466 Shares in The Sherwin-Williams Company $SHW Purchased by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 156,466 shares of the specialty chemicals company’s stock, valued at approximately $53,874,000. Sherwin-Williams comprises about 4.3% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CORDA Investment Management LLC. purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $1,814,000. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams during the second quarter worth $547,097,000. State of Wyoming acquired a new position in Sherwin-Williams during the second quarter valued at $148,000. ABN AMRO Bank N.V. acquired a new position in Sherwin-Williams during the second quarter valued at $206,000. Finally, Kelleher Financial Advisors purchased a new stake in Sherwin-Williams in the second quarter valued at $282,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

NYSE:SHW opened at $358.40 on Monday. 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 Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The stock’s 50-day moving average price is $336.29 and its 200-day moving average price is $332.78. The stock has a market capitalization of $87.01 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share 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 analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams’s quarterly 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 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a report on Tuesday, July 28th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $385.44.

Insider Activity

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the 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 $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 is available at the SEC website. 0.23% of the stock is owned by company insiders.

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.