Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 7,040 The Sherwin-Williams Company $SHW

Meiji Yasuda Asset Management Co Ltd. 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 7,040 shares of the specialty chemicals company’s stock, valued at approximately $2,424,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares during the period. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. State Street Corp lifted its holdings in Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after purchasing an additional 364,832 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares in the last quarter. Finally, Norges Bank bought a new position in Sherwin-Williams in the 4th quarter worth about $1,089,450,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHW. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research report on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, DA Davidson set a $400.00 price objective on Sherwin-Williams in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

Sherwin-Williams Price Performance

Shares of SHW opened at $346.78 on Tuesday. The firm has a 50-day simple moving average of $340.68 and a 200-day simple moving average of $332.55. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $84.19 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter last year, the business posted $3.38 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities research analysts anticipate 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 given a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Insider Transactions at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.

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.