Iyo Bank Ltd. Purchases Shares of 15,160 The Sherwin-Williams Company $SHW

by · The Markets Daily

Iyo Bank Ltd. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,160 shares of the specialty chemicals company’s stock, valued at approximately $5,220,000. Sherwin-Williams accounts for about 1.6% of Iyo Bank Ltd.’s portfolio, making the stock its 24th largest position.

Other hedge funds have also recently made changes to their positions in the company. TRB Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $648,000. Sumitomo Life Insurance Co. purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $1,112,000. Landscape Capital Management L.L.C. acquired a new position in Sherwin-Williams during the second quarter worth $5,522,000. Korea Investment CORP acquired a new position in Sherwin-Williams during the second quarter worth $78,193,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams during the second quarter worth $2,704,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $385.44.

Get Our Latest Report on SHW

Insider Buying and Selling

In related news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The shares were 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 directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 0.0%

NYSE:SHW opened at $347.02 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The stock has a market cap of $84.24 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.58 and a beta of 1.10. 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 stock has a 50-day simple moving average of $340.16 and a 200-day simple moving average of $332.81.

Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its 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 business 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%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

About Sherwin-Williams

(Free Report)

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.

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