The Sherwin-Williams Company $SHW Shares Acquired by Fort Washington Investment Advisors Inc. OH
by Kim Johansen · The Markets DailyFort Washington Investment Advisors Inc. OH lifted its stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 2.3% in the third quarter, Holdings Channel.com reports. The firm owned 165,300 shares of the specialty chemicals company’s stock after buying an additional 3,719 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Sherwin-Williams were worth $53,437,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Eastern Bank raised its stake in shares of Sherwin-Williams by 50.8% in the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 30 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock worth $992,000 after purchasing an additional 31 shares during the period. Heartland Bank & Trust Co boosted its stake in shares of Sherwin-Williams by 2.8% during the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after purchasing an additional 32 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Sherwin-Williams by 8.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 432 shares of the specialty chemicals company’s stock worth $138,000 after purchasing an additional 34 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Sherwin-Williams by 1.0% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 3,309 shares of the specialty chemicals company’s stock valued at $1,139,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Wall Street Analyst Weigh In
SHW has been the topic of a number of recent analyst reports. Argus increased their price objective on shares of Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Citigroup reduced their price target on Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Melius Research initiated coverage on Sherwin-Williams in a research note on Tuesday, October 6th. They set a “hold” rating and a $367.00 price target for the company. Rothschild & Co Redburn boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, UBS Group set a $363.00 price objective on Sherwin-Williams and gave the company a “neutral” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $382.08.
Check Out Our Latest Stock Report on SHW
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock opened at $324.21 on Thursday. The firm has a market cap of $78.71 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.41 and a beta of 1.08. 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 $377.77. The stock’s fifty day moving average price is $334.68 and its 200-day moving average price is $328.14.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm earned $3.38 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12.09 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a $0.80 dividend. The ex-dividend date was Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 29.49%.
Insider Activity at Sherwin-Williams
In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin Binns sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction 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 $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.
Sherwin-Williams Profile
The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.
Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.
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