Northwestern Mutual Wealth Management Co. Invests $48.43 Million in The Sherwin-Williams Company $SHW

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 140,651 shares of the specialty chemicals company’s stock, valued at approximately $48,429,000. Northwestern Mutual Wealth Management Co. owned about 0.06% of Sherwin-Williams as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Sherwin-Williams in the second quarter worth about $6,100,083,000. Norges Bank purchased a new stake in Sherwin-Williams in the fourth quarter worth $1,089,450,000. Bank of New York Mellon Corp purchased a new position in Sherwin-Williams in the 2nd quarter worth about $547,097,000. Viking Global Investors LP increased its position in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Sherwin-Williams during the 2nd quarter worth $297,600,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $347.02 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $84.24 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company’s fifty day moving average price is $340.16 and its 200 day moving average price is $332.81.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim started coverage on Sherwin-Williams in a research report on Monday, August 3rd. They set a “buy” rating and a $400.00 target price on the stock. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $385.44.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 21,937 shares of the company’s stock, 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 this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s 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 completion of the transaction, the insider owned 11,944 shares in the company, valued at $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. 0.23% of the stock is owned by corporate insiders.

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.