Proficio Capital Partners LLC Acquires Shares of 1,591 The Sherwin-Williams Company $SHW

Proficio Capital Partners LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,591 shares of the specialty chemicals company’s stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $6,100,083,000. Norges Bank purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Bank of New York Mellon Corp bought a new position in Sherwin-Williams in the 2nd quarter valued at approximately $547,097,000. Legal & General Group Plc purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $459,652,000. Finally, Bank of America Corp DE purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $412,339,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SHW shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. Guggenheim began coverage on Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 price objective on the stock. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.29.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the 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 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. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Down 1.0%

NYSE:SHW opened at $345.20 on Friday. The company has a market cap of $83.80 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. 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 company has a 50 day simple moving average of $342.43 and a two-hundred day simple moving average of $332.22. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations 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 firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts forecast 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 paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 29.49%.

Sherwin-Williams Profile

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.