Kingsview Wealth Management LLC Invests $619,000 in The Sherwin-Williams Company $SHW

Kingsview Wealth Management LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,798 shares of the specialty chemicals company’s stock, valued at approximately $619,000.

Other large investors have also recently bought and sold shares of the company. Wilkerson Advisory Group LLC boosted its position in shares of 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 acquiring an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 1st quarter worth about $28,000. Tacita Capital Inc purchased a new stake in Sherwin-Williams during the second quarter worth approximately $30,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In related news, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the business’s 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 0.0%

SHW opened at $344.92 on Monday. 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 Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The business’s 50 day moving average is $342.90 and its two-hundred day moving average is $332.11. The firm has a market cap of $83.73 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SHW shares. UBS Group reiterated a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Guggenheim began coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

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.