Port Capital LLC Takes Position in The Sherwin-Williams Company $SHW

Port Capital LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,695 shares of the specialty chemicals company’s stock, valued at approximately $40,525,000. Sherwin-Williams accounts for about 1.7% of Port Capital LLC’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. BlackRock Inc. purchased a new position in Sherwin-Williams during the second quarter worth about $6,100,083,000. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $1,089,450,000. Bank of New York Mellon Corp purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $547,097,000. Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $459,652,000. Finally, Viking Global Investors LP increased its holdings 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 worth $672,213,000 after buying an additional 985,520 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.5%

Shares of NYSE SHW opened at $348.57 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The business’s 50 day moving average is $341.95 and its two-hundred day moving average is $332.34. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The firm has a market cap of $84.62 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.61 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping 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 business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the business posted $3.38 earnings per share. The company’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 EPS 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 issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Insider Activity

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SHW. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. UBS Group restated a “neutral” rating and issued a $390.00 target price on shares of Sherwin-Williams in a research report 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 price target for the company. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

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.