Sherwin-Williams (NYSE:SHW) Rating Increased to Hold at KeyCorp

KeyCorp upgraded shares of Sherwin-Williams (NYSE:SHW) to a hold rating in a research report released on Thursday morning,Zacks reports. KeyCorp also issued estimates for Sherwin-Williams’ Q3 2026 earnings at $3.63 EPS, Q4 2026 earnings at $2.43 EPS, FY2027 earnings at $13.25 EPS and FY2028 earnings at $15.20 EPS.

A number of other research analysts have also commented on SHW. Royal Bank Of Canada reiterated an “outperform” rating and set a $405.00 price objective (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. UBS Group reaffirmed a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Stock Performance

Shares of SHW opened at $317.42 on Thursday. The firm has a market capitalization of $77.06 billion, a PE ratio of 29.25, a P/E/G ratio of 2.39 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average price of $341.31 and a 200 day moving average price of $329.80. Sherwin-Williams has a 52-week low of $289.86 and a 52-week high of $377.77.

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 analysts’ consensus estimates 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 net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm 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 Sherwin-Williams will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams 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 transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% 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.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in Sherwin-Williams by 33,736.2% in the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock worth $45,880,681,000 after purchasing an additional 132,856,309 shares in the last quarter. BlackRock Inc. purchased a new stake in Sherwin-Williams during the second quarter valued at about $6,100,083,000. Norges Bank purchased a new stake in Sherwin-Williams during the fourth quarter valued at about $1,089,450,000. Wellington Management Group LLP boosted its holdings in shares of Sherwin-Williams by 133.7% in 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 buying an additional 1,593,009 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams in the second quarter worth about $547,097,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.