Nissay Asset Management Corp Japan Decreases Holdings in The Sherwin-Williams Company $SHW

Nissay Asset Management Corp Japan trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,935 shares of the specialty chemicals company’s stock after selling 1,809 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Sherwin-Williams were worth $16,161,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SHW. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $2,496,000. Kinsale Capital Group Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $4,805,000. Blueline Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $1,694,000. BlackRock Inc. bought a new stake in Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. Finally, Royal Bank of Canada boosted its position in Sherwin-Williams by 9.8% during the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock valued at $309,832,000 after buying an additional 86,254 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $344.92 on Friday. The stock has a market cap of $83.73 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The firm’s fifty day simple moving average is $342.90 and its 200 day simple moving average is $332.31. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the firm earned $3.38 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 sale, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 13,500 shares of the company’s 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 owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Monday, August 24th. Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Guggenheim started coverage on Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.29.

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.