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

The Sherwin-Williams Company (NYSE:SHW) insider Karl Jorgenrud sold 7,886 shares of the company’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 value of $2,904,413.80. Following the completion of the sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sherwin-Williams Trading Up 0.4%

Sherwin-Williams stock traded up $1.43 during trading on Tuesday, reaching $364.14. 1,127,285 shares of the company were exchanged, compared to its average volume of 2,038,996. The stock’s 50 day simple moving average is $331.29 and its two-hundred day simple moving average is $332.50. The company has a market capitalization of $88.40 billion, a P/E ratio of 33.56, a PEG ratio of 2.75 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the prior year, the business earned $3.38 EPS. The firm’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. On average, equities research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHW. Bank of America reduced their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. 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. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $385.44.

Institutional Trading of Sherwin-Williams

Large investors have recently modified their holdings of the stock. Fideuram Asset Management Ireland dac purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $2,496,000. Kinsale Capital Group Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at $4,805,000. Calamos Advisors LLC increased its holdings in Sherwin-Williams by 5.4% in the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after buying an additional 9,196 shares during the last quarter. Vanguard Group Inc. raised its stake in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares in the last quarter. Finally, Blueline Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $1,694,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

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.