Sequoia Financial Advisors LLC Reduces Holdings in The Sherwin-Williams Company $SHW

Sequoia Financial Advisors LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 50.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,554 shares of the specialty chemicals company’s stock after selling 70,344 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $23,605,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Sherwin-Williams by 33,736.2% in the second quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock worth $45,880,681,000 after buying an additional 132,856,309 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams during the second quarter valued at $6,100,083,000. State Street Corp increased its position in shares of Sherwin-Williams by 2.4% in the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after acquiring an additional 364,832 shares during the period. Geode Capital Management LLC raised its stake in Sherwin-Williams by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after acquiring an additional 37,145 shares during the last quarter. Finally, Norges Bank purchased a new position in Sherwin-Williams in the 4th quarter worth $1,089,450,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $320.72 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $77.86 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.43 and a beta of 1.09. The business’s 50-day moving average is $342.00 and its two-hundred day moving average is $330.10.

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 the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the business earned $3.38 earnings per share. Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 29.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin Binns sold 13,500 shares of Sherwin-Williams stock in a transaction on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research report on Monday, June 8th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Guggenheim initiated coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.