Kirtland Hills Capital Management LLC Invests $2.36 Million in The Sherwin-Williams Company $SHW

Kirtland Hills Capital Management LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,852 shares of the specialty chemicals company’s stock, valued at approximately $2,359,000.

A number of other large investors have also added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $2,496,000. Kinsale Capital Group Inc. purchased a new stake in Sherwin-Williams in the 4th quarter worth about $4,805,000. Calamos Advisors LLC increased its holdings in Sherwin-Williams by 5.4% in the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock worth $58,520,000 after acquiring an additional 9,196 shares during the last quarter. Vanguard Group Inc. raised its stake in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the period. Finally, Blueline Advisors LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at about $1,694,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.0%

SHW stock opened at $347.02 on Friday. The company’s 50 day moving average is $340.16 and its 200 day moving average is $332.81. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.58 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. 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 announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the business posted $3.38 earnings per share. Sherwin-Williams’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. Sell-side analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared 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. 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 payout ratio is 29.49%.

Insider Activity

In other Sherwin-Williams 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 completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares in the company, valued at $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. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SHW shares. Guggenheim assumed coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, BMO Capital Markets reissued 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. Nine 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 company has an average rating of “Moderate Buy” and an average target price 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.