Public Employees Retirement System of Ohio Takes $30.30 Million Position in The Sherwin-Williams Company $SHW

Public Employees Retirement System of Ohio acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 88,011 shares of the specialty chemicals company’s stock, valued at approximately $30,304,000.

Several other institutional investors also recently made changes to their positions in SHW. BlackRock Inc. acquired a new position in Sherwin-Williams during the second quarter worth about $6,100,083,000. State Street Corp grew its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after acquiring an additional 364,832 shares during the period. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Norges Bank purchased a new stake in Sherwin-Williams during the fourth quarter worth $1,089,450,000. Finally, Viking Global Investors LP grew its holdings in Sherwin-Williams by 10.1% in the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after purchasing an additional 291,217 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $344.92 on Friday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a 50 day moving average price of $342.90 and a 200 day moving average price of $332.31. The firm 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.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. UBS Group reissued a “neutral” rating and set a $390.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $386.29.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s 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 sale, 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 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 Sherwin-Williams stock in a transaction that occurred 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 owned 21,937 shares in the company, valued at $7,737,179.90. This represents 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 insiders.

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.