Mirae Asset Global Investments Co. Ltd. Acquires 6,081 Shares of The Sherwin-Williams Company $SHW

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,225 shares of the specialty chemicals company’s stock after purchasing an additional 6,081 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sherwin-Williams were worth $26,590,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilkerson Advisory Group LLC increased its holdings in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. bought a new stake in Sherwin-Williams during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams during the first quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $30,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $361.62 on Friday. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. 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 company has a market cap of $87.79 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company’s 50 day moving average is $335.22 and its 200 day moving average is $332.72.

Sherwin-Williams (NYSE:SHW) last posted its 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. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The firm’s quarterly 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. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SHW shares. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research report on Monday, June 8th. BMO Capital Markets restated 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. Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating 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’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

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.