Northwestern Mutual Wealth Management Co. Grows Stock Holdings in The Sherwin-Williams Company $SHW

Northwestern Mutual Wealth Management Co. raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 140,651 shares of the specialty chemicals company’s stock after acquiring an additional 2,043 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sherwin-Williams were worth $48,429,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SHW. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth $6,100,083,000. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter valued at $1,089,450,000. Wellington Management Group LLP increased its stake in Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Sherwin-Williams during the second quarter worth about $547,097,000. Finally, Legal & General Group Plc purchased a new position in Sherwin-Williams during the second quarter worth about $459,652,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SHW. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.29.

Sherwin-Williams Trading Down 2.7%

Shares of SHW stock opened at $329.72 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The firm’s 50 day moving average price is $343.46 and its two-hundred day moving average price is $331.67. The stock has a market cap of $80.04 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity

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

Sherwin-Williams Company 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.