Nissay Asset Management Corp Japan Sells 1,809 Shares of The Sherwin-Williams Company $SHW

Nissay Asset Management Corp Japan trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,935 shares of the specialty chemicals company’s stock after selling 1,809 shares during the period. Nissay Asset Management Corp Japan’s holdings in Sherwin-Williams were worth $16,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Brighton Jones LLC boosted its stake in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC grew its holdings in Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after buying an additional 626 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at about $1,210,000. Sei Investments Co. lifted its holdings in shares of Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after buying an additional 59,831 shares in the last quarter. Finally, Glenview Trust co lifted its holdings in shares of Sherwin-Williams by 4.8% in the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after buying an additional 148 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.1%

SHW stock opened at $344.92 on Friday. 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’s 50 day moving average is $342.90 and its 200 day moving average is $332.31. The stock has a market cap 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 announced its 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 net margin of 11.01% and a return on equity of 67.97%. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the business posted $3.38 earnings per share. Sherwin-Williams’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. Sell-side analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.49%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research report on Tuesday, July 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Citigroup reiterated a “buy” rating 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 stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $386.29.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction on 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 directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

About Sherwin-Williams

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.