ETFs Reverse Trend with $38.9 Million Sherwin-Williams Stock Purchase
Sherwin-Williams (SHW) experienced a significant shift in ETF activity on Thursday, October 1, 2026, with net buying totaling $38.9 million. This followed two consecutive days of net selling, where ETFs offloaded $4.4 million and $13.1 million on Wednesday and Tuesday, respectively. The recent buying trend marks a reversal, with ETFs purchasing $89.0 million and $19.9 million worth of SHW stock on Monday and Friday of the previous week.
The largest ETF buyers included DIA, which added $47.6 million worth of shares, SPYM with $2.4 million, and UDOW with $0.7 million. In total, 31 ETFs increased their holdings, while 18 reduced theirs. Sherwin-Williams, a leader in the paint and coatings industry, operates over 5,000 stores in North America and reported a 7.8% year-over-year revenue growth to $24.41 billion.
The company's financial metrics show a gross margin of 48.3% and a net margin of 11.0%. The stock trades at a P/E of 29.46, P/B of 20.12, and P/S of 3.25. Its GF Score stands at 84, with a GF Value of $368.34 compared to its current price of $319.51. The dividend yield is 1.01%, and the stock is down 0.69% year-to-date.
Investors will be watching to see if this one-day buying trend continues or if the previous selling pressure resumes. The recent ETF activity highlights the fluctuating interest in Sherwin-Williams, a key player in the Basic Materials sector.