Louisiana State Employees Retirement System Invests $3.75 Million in The Sherwin-Williams Company $SHW

Louisiana State Employees Retirement System purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the first quarter, HoldingsChannel reports. The firm purchased 11,700 shares of the specialty chemicals company’s stock, valued at approximately $3,750,000.

A number of other hedge funds have also modified their holdings of SHW. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new stake in Sherwin-Williams in the fourth quarter worth $30,000. Lodestone Wealth Management LLC bought a new position in shares of Sherwin-Williams during the fourth quarter worth $31,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $344.84 on Friday. The firm has a market cap of $85.05 billion, a PE ratio of 33.09, a PEG ratio of 2.97 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a fifty day moving average price of $316.88 and a 200 day moving average price of $331.11.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.08. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Research analysts predict that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Mizuho dropped their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Bank of America decreased their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.69.

Sherwin-Williams Profile

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.