The Sherwin-Williams Company $SHW Position Reduced by True North Advisors LLC

True North Advisors LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 64.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,201 shares of the specialty chemicals company’s stock after selling 4,040 shares during the period. True North Advisors LLC’s holdings in Sherwin-Williams were worth $758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patton Albertson Miller Group LLC increased its position in shares of Sherwin-Williams by 3.4% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 9,844 shares of the specialty chemicals company’s stock valued at $3,389,000 after purchasing an additional 328 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sherwin-Williams by 8.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,225 shares of the specialty chemicals company’s stock valued at $26,590,000 after buying an additional 6,081 shares during the period. Landaas & Co. WI ADV bought a new position in Sherwin-Williams during the second quarter valued at about $214,000. Greenleaf Trust boosted its stake in Sherwin-Williams by 1.0% during the second quarter. Greenleaf Trust now owns 10,842 shares of the specialty chemicals company’s stock valued at $3,733,000 after buying an additional 111 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Sherwin-Williams during the second quarter worth about $610,000. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHW. Royal Bank Of Canada reissued 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. Bank of America dropped their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group reissued a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. BMO Capital Markets restated an “outperform” rating and set a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $385.44.

Insider Transactions at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction 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 sale, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This 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 is available at this link. 0.23% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

SHW stock opened at $361.62 on Friday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The firm has a 50-day moving average of $335.22 and a two-hundred day moving average of $332.72. The firm has a market capitalization of $87.79 billion, a PE ratio of 33.33, a P/E/G ratio of 2.68 and a beta of 1.10. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last released 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 business had revenue of $6.79 billion for 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 firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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