Perigon Wealth Management LLC Invests $2.66 Million in The Sherwin-Williams Company $SHW

Perigon Wealth Management LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,715 shares of the specialty chemicals company’s stock, valued at approximately $2,656,000.

Several other large investors have also bought and sold shares of SHW. Norges Bank bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $1,089,450,000. Bank of New York Mellon Corp bought a new stake in shares of Sherwin-Williams during the second quarter worth $547,097,000. Viking Global Investors LP lifted its stake in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sherwin-Williams in the 2nd quarter worth about $297,600,000. Finally, Balyasny Asset Management L.P. raised its position in Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after purchasing an additional 660,997 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on SHW shares. Bank of America reduced their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research note on Monday, June 8th. Finally, Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Stock Down 2.7%

Shares of NYSE:SHW opened at $349.57 on Tuesday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. 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’s 50-day moving average is $337.29 and its 200-day moving average is $332.81. The company has a market capitalization of $84.86 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 2.68 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. 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 presently 29.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.