Canada Pension Plan Investment Board Purchases New Position in The Sherwin-Williams Company $SHW

Canada Pension Plan Investment Board acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, Holdings Channel reports. The institutional investor acquired 705,433 shares of the specialty chemicals company’s stock, valued at approximately $242,895,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,496,000. Kinsale Capital Group Inc. acquired a new stake in Sherwin-Williams in the 4th quarter worth approximately $4,805,000. Blueline Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $1,694,000. Royal Bank of Canada grew its holdings in Sherwin-Williams by 9.8% during the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock valued at $309,832,000 after purchasing an additional 86,254 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $350.27 on Wednesday. The stock has a market cap of $85.03 billion, a P/E ratio of 32.28, a PEG ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a fifty day moving average price of $341.24 and a 200 day moving average price of $332.43. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate 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 was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current 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 $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Insider Buying and Selling

In other news, insider Karl J. 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 transaction of $2,904,413.80. Following the sale, the insider 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 position. The sale was disclosed in a document filed 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 that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set 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 report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 price target (up from $385.00) 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 report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target 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.