Tidal Investments LLC Raises Position in The Sherwin-Williams Company $SHW

Tidal Investments LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 19.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 39,607 shares of the specialty chemicals company’s stock after purchasing an additional 6,458 shares during the period. Tidal Investments LLC’s holdings in Sherwin-Williams were worth $13,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac purchased a new stake in Sherwin-Williams in the 4th quarter worth about $2,496,000. Kinsale Capital Group Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $4,805,000. Blueline Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,694,000. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the second quarter valued at approximately $6,100,083,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Sherwin-Williams in the second quarter worth approximately $5,473,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. KeyCorp initiated coverage on Sherwin-Williams in a research note on Thursday. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research note on Monday, June 8th. 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 analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 1.8%

NYSE:SHW opened at $323.14 on Friday. The firm has a 50-day simple moving average of $340.74 and a 200-day simple moving average of $329.75. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The firm has a market cap of $78.44 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.36 and a beta of 1.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Sherwin-Williams Company 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.