The Sherwin-Williams Company $SHW Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,651 shares of the specialty chemicals company’s stock after buying an additional 2,043 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.06% of Sherwin-Williams worth $48,429,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SHW. Wilkerson Advisory Group LLC raised its position in Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $27,000. Whipplewood Advisors LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $28,000. Tacita Capital Inc purchased a new stake in Sherwin-Williams during the second quarter worth about $30,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth about $30,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Tuesday, July 28th. UBS Group reissued a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, DA Davidson set a $400.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $386.29.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $329.72 on Wednesday. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a market capitalization of $80.04 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average price of $343.46 and a two-hundred day moving average price of $331.67.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the business earned $3.38 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is 29.49%.

About Sherwin-Williams

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.