Governors Lane LP Boosts Position in The Sherwin-Williams Company $SHW

Governors Lane LP grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 37.7% during the second quarter, Holdings Channel reports. The institutional investor owned 76,087 shares of the specialty chemicals company’s stock after buying an additional 20,843 shares during the period. Sherwin-Williams comprises 2.0% of Governors Lane LP’s holdings, making the stock its 7th biggest position. Governors Lane LP’s holdings in Sherwin-Williams were worth $26,198,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SHW. California State Teachers Retirement System raised its stake in Sherwin-Williams by 33,736.2% during the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock worth $45,880,681,000 after acquiring an additional 132,856,309 shares during the period. BlackRock Inc. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $6,100,083,000. Norges Bank purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $1,089,450,000. Wellington Management Group LLP raised its position in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after purchasing an additional 1,593,009 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $547,097,000. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other news, insider Justin Binns sold 13,500 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 2.3%

Shares of SHW stock opened at $326.16 on Wednesday. The company’s fifty day simple moving average is $342.51 and its two-hundred day simple moving average is $330.36. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The stock has a market cap of $79.18 billion, a P/E ratio of 30.06, a PEG ratio of 2.49 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.

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

Sherwin-Williams Dividend Announcement

The company also recently declared 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. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, August 24th. Weiss Ratings raised Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, UBS Group reiterated a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.