Sherwin-Williams (NYSE:SHW) Insider Karl Jorgenrud Sells 7,886 Shares

The Sherwin-Williams Company (NYSE:SHW) insider Karl Jorgenrud sold 7,886 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $364.14 on Wednesday. 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 has a market cap of $88.40 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.70 and a beta of 1.10. The stock’s fifty day moving average price is $332.72 and its two-hundred day moving average price is $332.55. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65.

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, topping analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given 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 dividend payout ratio (DPR) is currently 29.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 target price on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. UBS Group reiterated a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $385.44.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds have recently made changes to their positions in the stock. Wilkerson Advisory Group LLC increased its position in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Ares Financial Consulting LLC bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams in the first quarter valued at approximately $28,000. Finally, Tacita Capital Inc bought a new stake in shares of Sherwin-Williams during the second quarter worth $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.