Wellington Management Group LLP Boosts Position in The Sherwin-Williams Company $SHW

Wellington Management Group LLP raised its position in The Sherwin-Williams Company (NYSE:SHW) by 133.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,784,679 shares of the specialty chemicals company’s stock after acquiring an additional 1,593,009 shares during the quarter. Wellington Management Group LLP’s holdings in Sherwin-Williams were worth $958,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $6,100,083,000. Norges Bank bought a new stake in Sherwin-Williams during the fourth quarter valued at approximately $1,089,450,000. Bank of New York Mellon Corp purchased a new stake in Sherwin-Williams during the second quarter valued at approximately $547,097,000. Legal & General Group Plc purchased a new stake in Sherwin-Williams during the second quarter valued at approximately $459,652,000. Finally, Bank of America Corp DE bought a new position in Sherwin-Williams in the second quarter worth approximately $412,339,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.1%

Shares of SHW opened at $344.92 on Friday. The business’s 50 day moving average is $342.90 and its 200 day moving average is $332.31. 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 Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The company has a market capitalization of $83.73 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the prior year, the company posted $3.38 EPS. The firm’s revenue for the quarter 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. Research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHW shares. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Guggenheim began coverage on Sherwin-Williams in a report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Jefferies Financial Group reissued a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a report on Tuesday, July 28th. Finally, Morgan Stanley restated 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Insider Buying and Selling at Sherwin-Williams

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

Sherwin-Williams Company 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.