JLB & Associates Inc. Makes New $7.47 Million Investment in The Sherwin-Williams Company $SHW

JLB & Associates Inc. acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,696 shares of the specialty chemicals company’s stock, valued at approximately $7,470,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $2,496,000. Kinsale Capital Group Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $4,805,000. Calamos Advisors LLC raised its stake in shares of Sherwin-Williams by 5.4% during the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock worth $58,520,000 after buying an additional 9,196 shares during the period. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 2.7% during the 4th 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, Eos Management L.P. grew its stake in Sherwin-Williams by 23.6% in the 4th quarter. Eos Management L.P. now owns 15,261 shares of the specialty chemicals company’s stock valued at $4,945,000 after acquiring an additional 2,909 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHW. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Bank of America lowered their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Sherwin-Williams Stock Performance

SHW opened at $345.62 on Wednesday. The firm has a market capitalization of $83.90 billion, a PE ratio of 31.85, a PEG ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The firm’s 50-day moving average price is $337.99 and its 200 day moving average price is $332.78. 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 released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating 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 the consensus estimate of $6.60 billion. During the same quarter in the prior year, the firm earned $3.38 EPS. Sherwin-Williams’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. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared 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. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

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.