Karl Jorgenrud Sells 7,886 Shares of Sherwin-Williams (NYSE:SHW) Stock

The Sherwin-Williams Company (NYSE:SHW) insider Karl Jorgenrud sold 7,886 shares of the firm’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 in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sherwin-Williams Stock Performance

SHW traded up $1.43 on Tuesday, reaching $364.14. The stock had a trading volume of 1,127,285 shares, compared to its average volume of 2,038,996. The business’s 50-day moving average price is $331.29 and its two-hundred day moving average price is $332.50. The company has a market cap of $88.40 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $379.65. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.60 billion. During the same period in the prior year, the company posted $3.38 EPS. The company’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. Sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued 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 dividend payout ratio (DPR) is presently 29.49%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC boosted its stake in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the first quarter worth about $28,000. Finally, Tacita Capital Inc purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on SHW shares. 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. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday, June 8th. Finally, Guggenheim started coverage on shares of Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.