Dearborn Partners LLC Takes Position in The Sherwin-Williams Company $SHW

Dearborn Partners LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 87,391 shares of the specialty chemicals company’s stock, valued at approximately $28,013,000. Sherwin-Williams accounts for about 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,496,000. Kinsale Capital Group Inc. bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $4,805,000. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 2.7% during 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 purchasing an additional 600,119 shares in the last quarter. Blueline Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at about $1,694,000. Finally, Royal Bank of Canada raised its stake in shares of Sherwin-Williams by 9.8% in the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock worth $309,832,000 after acquiring an additional 86,254 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’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 transaction, the insider directly owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SHW. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 price objective on shares of Sherwin-Williams in a report on Tuesday, July 28th. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $346.78 on Tuesday. 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 business has a 50-day moving average of $340.68 and a 200-day moving average of $332.55. The stock has a market capitalization of $84.19 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the company posted $3.38 earnings per share. Sherwin-Williams’s revenue 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, sell-side analysts predict 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. Stockholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

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.