Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 68,194 The Sherwin-Williams Company $SHW

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 68,194 shares of the specialty chemicals company’s stock, valued at approximately $23,481,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $6,100,083,000. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Bank of New York Mellon Corp bought a new position in Sherwin-Williams in the 2nd quarter valued at about $547,097,000. Viking Global Investors LP lifted its position in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sherwin-Williams during the second quarter worth approximately $297,600,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $405.00 target price (up from $400.00) 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 report on Wednesday, July 29th. Finally, Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, 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 SEC filing for this sale provides additional information. 0.23% of the stock is owned by company insiders.

Sherwin-Williams Trading Up 0.1%

NYSE SHW opened at $346.78 on Tuesday. The company has a market cap of $84.19 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. 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 fifty day moving average is $340.68 and its 200 day moving average is $332.55.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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 firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the firm posted $3.38 EPS. The company’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. 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 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. 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 is presently 29.49%.

Sherwin-Williams 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.