Wedbush Securities Inc. Acquires 3,887 Shares of The Sherwin-Williams Company $SHW

Wedbush Securities Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 30.2% during the third quarter, Holdings Channel reports. The firm owned 16,742 shares of the specialty chemicals company’s stock after purchasing an additional 3,887 shares during the period. Wedbush Securities Inc.’s holdings in Sherwin-Williams were worth $5,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GK Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth $25,000. Wilkerson Advisory Group LLC raised 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 buying an additional 50 shares in the last quarter. Montgomery Financial Services LLC acquired a new stake in shares of Sherwin-Williams in the second quarter worth about $29,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the first quarter worth about $28,000. Finally, Tacita Capital Inc acquired a new stake in shares of Sherwin-Williams in the second quarter worth about $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHW. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup reduced their target price on Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Argus upped their target price on Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Berenberg Bank increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays set a $348.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $382.08.

Sherwin-Williams Stock Performance

SHW stock traded down $8.70 during mid-day trading on Friday, reaching $336.93. 1,480,317 shares of the stock traded hands, compared to its average volume of 1,519,209. The firm has a market capitalization of $81.79 billion, a PE ratio of 31.05, a P/E/G ratio of 2.70 and a beta of 1.08. The business has a 50-day moving average of $331.09 and a two-hundred day moving average of $328.96. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. 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 posted its quarterly earnings data 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. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the company posted $3.38 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12.07 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.