Empowered Funds LLC Invests $9.14 Million in The Sherwin-Williams Company $SHW

Empowered Funds LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, HoldingsChannel reports. The firm purchased 26,560 shares of the specialty chemicals company’s stock, valued at approximately $9,145,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC lifted its stake in Sherwin-Williams by 172.4% in 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 during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth about $28,000. Tacita Capital Inc bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $30,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Sherwin-Williams in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on SHW shares. The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased 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. Weiss Ratings raised Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $386.29.

Insider Transactions at Sherwin-Williams

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 shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider 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 document filed with the SEC, which is accessible through this link. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

SHW opened at $344.92 on Friday. The business has a 50 day moving average price of $342.90 and a two-hundred day moving average price of $332.31. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The company has a market capitalization of $83.73 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the firm earned $3.38 EPS. 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. Research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.