Danske Bank A S Invests $61.13 Million in The Sherwin-Williams Company $SHW

Danske Bank A S acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 177,553 shares of the specialty chemicals company’s stock, valued at approximately $61,135,000. Danske Bank A S owned about 0.07% of Sherwin-Williams as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC grew its holdings in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. bought a new position in Sherwin-Williams in the 4th quarter worth $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SHW shares. Bank of America decreased their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.44.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $345.62 on Wednesday. The firm has a market capitalization of $83.90 billion, a PE ratio of 31.85, a PEG ratio of 2.68 and a beta of 1.10. 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 Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The business’s 50 day moving average is $337.99 and its 200-day moving average is $332.78.

Sherwin-Williams (NYSE:SHW) last issued 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 business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams’s revenue was up 7.5% on a year-over-year basis. During the same period 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. Sell-side analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s 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 of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

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.