Van Hulzen Asset Management LLC Purchases New Holdings in The Sherwin-Williams Company $SHW

Van Hulzen Asset Management LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,296 shares of the specialty chemicals company’s stock, valued at approximately $1,135,000.

A number of other hedge funds have also made changes to their positions in the company. Fiduciary Financial Advisors acquired a new stake in shares of Sherwin-Williams in the second quarter worth approximately $38,000. Manning & Napier Advisors LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at $141,000. L2 Asset Management LLC purchased a new position in Sherwin-Williams in the 2nd quarter valued at $451,000. Dearborn Partners LLC acquired a new stake in Sherwin-Williams during the 2nd quarter worth $28,013,000. Finally, Cibc World Market Inc. acquired a new stake in Sherwin-Williams during the 2nd quarter worth $9,687,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related 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 transaction, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction that occurred 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent research reports. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. DA Davidson set a $400.00 price target on shares of Sherwin-Williams in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. BMO Capital Markets reissued 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Stock Up 0.1%

Shares of SHW opened at $346.78 on Tuesday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The stock has a fifty day simple moving average of $340.68 and a two-hundred day simple moving average of $332.55. The company has a market capitalization of $84.19 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share 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 firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the company posted $3.38 EPS. The company’s 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. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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 issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.

Sherwin-Williams Company 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.