Cornerstone Advisors LLC Takes Position in The Sherwin-Williams Company $SHW

Cornerstone Advisors LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,054 shares of the specialty chemicals company’s stock, valued at approximately $5,183,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Sapient Capital LLC increased its position in Sherwin-Williams by 0.3% during the 4th quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company’s stock valued at $2,993,000 after purchasing an additional 30 shares during the period. Eastern Bank raised its holdings in Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 30 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Sherwin-Williams by 6.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 31 shares during the period. Heartland Bank & Trust Co lifted its position in shares of Sherwin-Williams by 2.8% in the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after purchasing an additional 32 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its stake in shares of Sherwin-Williams by 1.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,789 shares of the specialty chemicals company’s stock valued at $580,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.7%

NYSE:SHW opened at $349.57 on Tuesday. 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 firm’s 50-day moving average price is $337.29 and its 200-day moving average price is $332.81. The company has a market capitalization of $84.86 billion, a PE ratio of 32.22, a P/E/G ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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 company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction that occurred on 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 sale, the insider 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 hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley reiterated 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, Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.

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.