Diversify Advisory Services LLC Makes New $738,000 Investment in The Sherwin-Williams Company $SHW

Diversify Advisory Services LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,256 shares of the specialty chemicals company’s stock, valued at approximately $738,000.

Several other hedge funds also recently modified their holdings of the business. Oxbow Advisors LLC bought a new position in Sherwin-Williams during the second quarter worth $227,000. Wealthfront Advisers LLC acquired a new stake in Sherwin-Williams in the 2nd quarter worth $7,775,000. First National Bank of Omaha acquired a new stake in Sherwin-Williams in the 2nd quarter worth $551,000. Hurlow Wealth Management Group Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter worth about $232,000. Finally, Aljian Capital Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter worth about $787,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SHW shares. UBS Group reiterated a “neutral” rating and issued a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the 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 completion of the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $346.60 on Friday. 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 company has a 50-day moving average of $339.56 and a 200-day moving average of $332.71. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a market capitalization of $84.14 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.63 and a beta of 1.10.

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, 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 business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the firm posted $3.38 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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