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

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in The Sherwin-Williams Company by 9.8% in Q1, acquiring an additional 11,878 shares, now owning a total of 132,647 shares worth approximately $46.32 million.
• Sherwin-Williams reported a missed earnings estimate for the last quarter with earnings per share of $3.38, while revenue matched expectations at $6.31 billion.
• The company's quarterly dividend of $0.79 will be paid on September 5th, with a 0.8% yield and a payout ratio of 31.35%.

Northwestern Mutual Wealth Management Co. raised its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,647 shares of the specialty chemicals company's stock after buying an additional 11,878 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.05% of Sherwin-Williams worth $46,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC raised its stake in Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 33 shares during the last quarter. YANKCOM Partnership raised its stake in Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after buying an additional 34 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Sherwin-Williams by 4.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after purchasing an additional 35 shares during the last quarter. Finally, Zhang Financial LLC raised its stake in shares of Sherwin-Williams by 2.2% in the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 36 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 2.5%

Shares of SHW stock opened at $372.9950 on Monday. The stock has a 50 day moving average of $347.25 and a 200 day moving average of $347.98. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market cap of $93.00 billion, a P/E ratio of 37.00, a P/E/G ratio of 3.10 and a beta of 1.16. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. UBS Group reduced their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $388.60.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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