The Sherwin-Williams Company $SHW Stock Bought by Willis Investment Counsel

Willis Investment Counsel boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,573 shares of the specialty chemicals company’s stock after acquiring an additional 2,020 shares during the quarter. Willis Investment Counsel’s holdings in Sherwin-Williams were worth $9,883,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. GK Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth about $25,000. Wilkerson Advisory Group LLC raised its position in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares during the period. Montgomery Financial Services LLC acquired a new position in Sherwin-Williams in the second quarter valued at $29,000. Whipplewood Advisors LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $28,000. Finally, Tacita Capital Inc purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $30,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. BNP Paribas Exane upped their target price on shares of Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Melius Research assumed coverage on Sherwin-Williams in a research report on Tuesday, October 6th. They set a “hold” rating and a $367.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the company’s 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karl Jorgenrud sold 7,886 shares of the business’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 directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.

Sherwin-Williams Stock Up 1.1%

NYSE:SHW traded up $3.68 during trading hours on Tuesday, hitting $335.29. 654,701 shares of the stock traded hands, compared to its average volume of 1,929,335. 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 current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The firm has a market cap of $81.40 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.50 and a beta of 1.08. The firm has a 50 day moving average price of $332.85 and a 200 day moving average price of $328.50.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm earned $3.38 earnings per share. 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. Equities research analysts anticipate that The Sherwin-Williams Company will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.