Principal Financial Group Inc. trimmed its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 21.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,198 shares of the specialty chemicals company’s stock after selling 166,148 shares during the quarter. Principal Financial Group Inc.’s holdings in Sherwin-Williams were worth $197,522,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its stake in Sherwin-Williams by 3.8% during the first quarter. Chicago Partners Investment Group LLC now owns 3,564 shares of the specialty chemicals company’s stock worth $1,195,000 after buying an additional 132 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at $1,903,000. Arbejdsmarkedets Tillaegspension lifted its holdings in shares of Sherwin-Williams by 11.5% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 80,767 shares of the specialty chemicals company’s stock worth $25,890,000 after acquiring an additional 8,341 shares during the period. Applied Finance Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 4.6% during the 1st quarter. Applied Finance Capital Management LLC now owns 30,607 shares of the specialty chemicals company’s stock worth $9,811,000 after acquiring an additional 1,333 shares during the period. Finally, Citizens Business Bank acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $4,253,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Berenberg Bank set a $380.00 price objective on Sherwin-Williams in a report on Monday, June 8th. Mizuho lowered their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Bank of America dropped their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.38.
Sherwin-Williams Stock Down 0.0%
Shares of NYSE:SHW opened at $328.85 on Wednesday. The company’s fifty day moving average is $318.91 and its 200-day moving average is $332.36. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a market capitalization of $81.11 billion, a PE ratio of 31.56, a P/E/G ratio of 2.84 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the company posted $2.25 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.77 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.
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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