Justin Binns Sells 13,500 Shares of Sherwin-Williams (NYSE:SHW) Stock

The Sherwin-Williams Company (NYSE:SHW) insider Justin Binns sold 13,500 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 21,937 shares in the company, 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 SEC, which is available at this hyperlink.

Sherwin-Williams Stock Up 2.3%

NYSE:SHW traded up $7.89 during midday trading on Wednesday, reaching $353.16. The company had a trading volume of 1,538,299 shares, compared to its average volume of 2,022,111. The firm has a market capitalization of $85.73 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.68 and a beta of 1.10. The stock’s fifty day simple moving average is $337.99 and its 200-day simple moving average is $332.78. 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.

Sherwin-Williams (NYSE:SHW) last issued 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. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Sherwin-Williams during the second quarter worth approximately $6,100,083,000. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $1,089,450,000. Wellington Management Group LLP grew its position in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after acquiring an additional 1,593,009 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $547,097,000. Finally, Legal & General Group Plc purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $459,652,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SHW. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. UBS Group restated a “neutral” rating and issued a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Bank of America cut their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $385.44.

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.