Flputnam Investment Management Co. Takes Position in The Sherwin-Williams Company $SHW

Flputnam Investment Management Co. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 43,408 shares of the specialty chemicals company’s stock, valued at approximately $14,946,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $547,097,000. Viking Global Investors LP lifted its stake in shares of Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Sherwin-Williams by 53,827.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after buying an additional 660,997 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $358.40 on Monday. The firm has a market cap of $87.01 billion, a PE ratio of 33.03, a PEG ratio of 2.68 and a beta of 1.10. The stock has a 50 day moving average of $336.29 and a 200 day moving average of $332.78. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65.

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, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research 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 declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 29.49%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SHW. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Bank of America decreased their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $385.44.

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.