UNIVEST FINANCIAL Corp Makes New Investment in The Sherwin-Williams Company $SHW

UNIVEST FINANCIAL Corp bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,118 shares of the specialty chemicals company’s stock, valued at approximately $10,026,000.

A number of other hedge funds have also recently made changes to their positions in SHW. BlackRock Inc. bought a new stake in Sherwin-Williams during the 2nd quarter valued at about $6,100,083,000. Norges Bank bought a new position in Sherwin-Williams in the 4th quarter worth about $1,089,450,000. Bank of New York Mellon Corp bought a new position in Sherwin-Williams in the 2nd quarter worth about $547,097,000. Viking Global Investors LP increased its position in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $297,600,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 2.7%

NYSE SHW opened at $349.57 on Tuesday. 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 firm has a market cap of $84.86 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company has a 50 day moving average price of $337.29 and a 200 day moving average price of $332.81. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction 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 sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a report on Monday, June 8th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.