28,133 Shares in The Sherwin-Williams Company $SHW Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, HoldingsChannel reports. The firm purchased 28,133 shares of the specialty chemicals company’s stock, valued at approximately $9,687,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. OMERS ADMINISTRATION Corp bought a new position in Sherwin-Williams in the 2nd quarter valued at about $7,736,000. Osmosis Investment Management UK Ltd acquired a new position in shares of Sherwin-Williams in the second quarter valued at about $2,577,000. Sanctuary Advisors LLC bought a new position in Sherwin-Williams during the second quarter worth about $17,519,000. Solstein Capital LLC bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $72,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $23,481,000. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHW has been the subject of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim began coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Stock Up 0.1%

Shares of Sherwin-Williams stock opened at $346.78 on Tuesday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. 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 stock’s 50-day moving average is $340.68 and its 200 day moving average is $332.55. The firm has a market cap of $84.19 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its 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. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the company posted $3.38 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Justin T. 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 sale, the insider directly owned 21,937 shares of the company’s stock, valued at $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. 0.23% of the stock is owned by corporate insiders.

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.