First Citizens Bank & Trust Co. significantly boosted its stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, increasing its holdings by 421.7%. The institutional investor now owns 4,309 shares of Sherwin-Williams, worth $1,393,000, after acquiring an additional 3,483 shares.
Other major investors have also adjusted their positions in Sherwin-Williams. BlackRock Inc. established a new position worth $6,100,083,000 in the second quarter, while Wellington Management Group LLP increased its stake by 133.7%, owning 2,784,679 shares valued at $958,821,000. Amundi raised its holdings by 20.6%, now owning 2,200,895 shares worth $705,497,000. Bank of New York Mellon Corp acquired a new position worth $547,097,000, and Dimensional Fund Advisors LP increased its stake by 2.9%, holding 1,417,166 shares worth $454,226,000.
Insider activity includes Justin Binns selling 13,500 shares at an average price of $352.70, totaling $4,761,450, and Karl J. Jorgenrud selling 7,886 shares at $368.30, amounting to $2,904,413.80. Analysts have set a consensus price target of $382.08 for Sherwin-Williams, with ratings ranging from Strong Buy to Hold.
Sherwin-Williams' stock opened at $336.77 on Friday, with a market cap of $81.76 billion and a dividend yield of 1.0%. The company reported quarterly earnings of $3.70 per share, beating estimates by $0.18, and revenue of $6.79 billion, up 7.5% year-over-year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS.