Ieq Capital LLC Purchases Shares of 4,084 The Sherwin-Williams Company $SHW

Ieq Capital LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,084 shares of the specialty chemicals company’s stock, valued at approximately $1,406,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Callan Family Office LLC bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $1,979,000. Keating Financial Advisory Services Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth $164,000. OneAscent Investment Solutions LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth $272,000. OneAscent Wealth Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth $770,000. Finally, OneAscent Family Office LLC bought a new stake in Sherwin-Williams during the second quarter valued at about $298,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the 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 completion of the transaction, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $348.57 on Thursday. The company has a market cap of $84.62 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.61 and a beta of 1.10. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The stock’s 50 day simple moving average is $341.95 and its two-hundred day simple moving average is $332.34. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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 return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the prior year, the company earned $3.38 EPS. The company’s quarterly revenue 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, equities analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $386.29.

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.