Northwestern Mutual Wealth Management Co. Boosts Stake in The Sherwin-Williams Company $SHW

Northwestern Mutual Wealth Management Co. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,784 shares of the specialty chemicals company’s stock after purchasing an additional 1,137 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sherwin-Williams were worth $45,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC raised its holdings in shares of Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the period. Valley Brook Capital Group Inc. raised its stake in Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after purchasing an additional 31 shares during the period. 17 Capital Partners LLC raised its stake in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after purchasing an additional 31 shares during the period. Jessup Wealth Management Inc boosted its holdings in Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after purchasing an additional 32 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its stake in shares of Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SHW. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Mizuho set a $400.00 target price on Sherwin-Williams in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Wednesday. Evercore ISI increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Sherwin-Williams Trading Up 0.1%

NYSE SHW opened at $343.69 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The firm has a market cap of $85.20 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 3.26 and a beta of 1.21. The firm has a 50 day simple moving average of $338.63 and a 200-day simple moving average of $347.78. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $398.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.