Hennessy Advisors Inc. Purchases New Position in The Sherwin-Williams Company $SHW

Hennessy Advisors Inc. acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,936 shares of the specialty chemicals company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilkerson Advisory Group LLC lifted its holdings in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in Sherwin-Williams during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at about $28,000. Tacita Capital Inc purchased a new stake in shares of Sherwin-Williams in the second quarter worth about $30,000. Finally, Eastern Bank lifted its holdings in shares of Sherwin-Williams by 50.8% in the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 30 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated 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 transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Up 0.0%

Shares of Sherwin-Williams stock opened at $344.92 on Monday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The firm has a market cap of $83.73 billion, a PE ratio of 31.79, a PEG ratio of 2.57 and a beta of 1.10. 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 company has a 50 day simple moving average of $342.90 and a two-hundred day simple moving average of $332.11.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’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 firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a research note on Monday, June 8th. Jefferies Financial Group reissued a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams 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.