Czech National Bank Purchases 2,501 Shares of The Sherwin-Williams Company $SHW

Czech National Bank grew its position in The Sherwin-Williams Company (NYSE:SHW) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 65,288 shares of the specialty chemicals company’s stock after purchasing an additional 2,501 shares during the period. Czech National Bank’s holdings in Sherwin-Williams were worth $22,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC increased its position in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Sherwin-Williams during the 2nd quarter worth $1,210,000. Sei Investments Co. raised its stake in shares of Sherwin-Williams by 43.6% during the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after purchasing an additional 59,831 shares during the period. Finally, Glenview Trust co boosted its holdings in shares of Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after buying an additional 148 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 1.7%

Shares of Sherwin-Williams stock opened at $369.59 on Friday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The stock’s 50-day simple moving average is $329.94 and its 200 day simple moving average is $332.57. The stock has a market capitalization of $89.72 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.71 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

Sherwin-Williams (NYSE:SHW) last issued 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. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm 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. The ex-dividend date of this dividend 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 Analyst Weigh In

SHW has been the subject of several research reports. UBS Group restated a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $385.44.

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.