1,773 Shares in The Sherwin-Williams Company $SHW Purchased by Oak Thistle LLC

Oak Thistle LLC bought 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 bought 1,773 shares of the specialty chemicals company’s stock, valued at approximately $610,000.

Several other hedge funds also recently modified their holdings of SHW. IFP Advisors Inc boosted its stake in shares of Sherwin-Williams by 0.8% during the 2nd quarter. IFP Advisors Inc now owns 11,777 shares of the specialty chemicals company’s stock worth $4,055,000 after purchasing an additional 92 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of Sherwin-Williams by 23.3% in the second quarter. Gateway Investment Advisers LLC now owns 1,789 shares of the specialty chemicals company’s stock valued at $616,000 after buying an additional 338 shares during the last quarter. Interchange Capital Partners LLC lifted its stake in shares of Sherwin-Williams by 24.7% during the second quarter. Interchange Capital Partners LLC now owns 1,222 shares of the specialty chemicals company’s stock valued at $420,000 after buying an additional 242 shares during the period. PCB Capital LLC lifted its stake in shares of Sherwin-Williams by 5.1% during the second quarter. PCB Capital LLC now owns 1,046 shares of the specialty chemicals company’s stock valued at $360,000 after buying an additional 51 shares during the period. Finally, Ticino Wealth boosted its position in Sherwin-Williams by 39.9% during the second quarter. Ticino Wealth now owns 2,144 shares of the specialty chemicals company’s stock worth $738,000 after acquiring an additional 611 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on SHW shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 target price (up from $400.00) 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 research note on Friday, May 8th. UBS Group restated a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Sherwin-Williams Price Performance

SHW opened at $360.28 on Thursday. The company’s 50 day simple moving average is $333.99 and its 200 day simple moving average is $332.62. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The stock has a market capitalization of $87.46 billion, a PE ratio of 33.21, a P/E/G ratio of 2.71 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.38 earnings per share. 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 year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by insiders.

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.