North Dakota State Investment Board Invests $2.59 Million in The Sherwin-Williams Company $SHW

Key Points

• North Dakota State Investment Board opened a new position in Sherwin-Williams during the fourth quarter, buying 8,001 shares worth about $2.59 million.
• Sherwin-Williams reported better-than-expected quarterly results, with EPS of $2.35 and revenue of $5.67 billion, and it also reaffirmed a full-year outlook of 11.500-11.900 EPS for FY 2026.
• The company declared a quarterly dividend of $0.80 per share, while analysts remain mostly positive overall with a Moderate Buy consensus and an average price target of $375.33, despite some recent target cuts.

North Dakota State Investment Board bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,001 shares of the specialty chemicals company's stock, valued at approximately $2,593,000.

Other hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its holdings in shares of Sherwin-Williams by 26.1% in the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company's stock worth $10,709,000 after buying an additional 6,408 shares in the last quarter. Mairs & Power Inc. lifted its holdings in shares of Sherwin-Williams by 0.7% in the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company's stock worth $160,680,000 after buying an additional 3,430 shares in the last quarter. Inscription Capital LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth $1,069,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $2,655,000. Finally, Compass Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth $2,112,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.9%

SHW stock opened at $302.73 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a twelve month low of $300.05 and a twelve month high of $379.65. The stock has a market capitalization of $74.67 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.60 and a beta of 1.16. The firm's fifty day simple moving average is $322.47 and its two-hundred day simple moving average is $336.43.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business had revenue of $5.67 billion for the quarter, compared to analysts' expectations of $5.56 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.74 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. Sherwin-Williams's payout ratio is 30.71%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price target on the stock. in a research report on Thursday, January 22nd. UBS Group reduced their price target on shares of Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Mizuho reduced their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating on the stock in a research report on Monday, March 23rd. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Sherwin-Williams from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $375.33.

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.

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