Welch Group LLC Boosts Stake in Sherwin-Williams Following Strong Earnings Growth
The Sherwin-Williams Company (NYSE:SHW) has seen significant investment from various firms, including Welch Group LLC. According to its most recent filing with the Securities and Exchange Commission, Welch Group increased its position in SHW by 15.2% during the second quarter. The firm owned 30,991 shares of Sherwin-Williams' stock after acquiring an additional 4,089 shares during the period.
The total value of Welch Group's holdings in Sherwin-Williams was $10,671,000 as of its most recent filing with the SEC. This represents a significant increase from previous quarters. Other investors, such as Brighton Jones LLC and Empowered Funds LLC, have also increased their stakes in Sherwin-Williams.
The company has seen strong earnings growth, beating analysts' estimates for the quarter. Sherwin-Williams reported $3.70 earnings per share for the quarter, surpassing expectations of $3.52. The company's revenue for the quarter was up 7.5% compared to the same period last year.
Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts anticipate that Sherwin-Williams will post 12.08 earnings per share for the current year. The company's dividend payout ratio is presently 29.49%.
In related news, an insider sold 7,886 shares of the company's stock in a transaction on Friday, August 7th. The sale was made at an average price of $368.30 per share, resulting in a total transaction value of $2,904,413.80.