Daiichi Life Insurance Co. Ltd. Takes $3.53 Million Position in The Sherwin-Williams Company $SHW

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,244 shares of the specialty chemicals company’s stock, valued at approximately $3,527,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $6,100,083,000. Norges Bank purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $1,089,450,000. Bank of New York Mellon Corp bought a new stake in Sherwin-Williams during the 2nd quarter valued at $547,097,000. Viking Global Investors LP raised its holdings in Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $297,600,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.1%

NYSE SHW opened at $347.02 on Monday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $379.65. 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 stock’s fifty day moving average price is $340.16 and its 200-day moving average price is $332.64. The stock has a market cap of $84.24 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction dated 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 completion of the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of the business’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 of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SHW shares. UBS Group reissued a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim started coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective for the company. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $385.44.

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.