The Sherwin-Williams Company $SHW Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 782,346 shares of the specialty chemicals company’s stock after selling 86,039 shares during the period. Principal Financial Group Inc.’s holdings in Sherwin-Williams were worth $253,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Ares Financial Consulting LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $27,000. Lodestone Wealth Management LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at $31,000. Rossby Financial LCC increased its holdings in shares of Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $42,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 42.4% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 39 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHW. Evercore set a $390.00 target price on Sherwin-Williams in a research report on Wednesday, April 29th. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Weiss Ratings upgraded Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.33.

Sherwin-Williams Stock Up 0.6%

Shares of Sherwin-Williams stock opened at $312.39 on Wednesday. The firm has a market cap of $77.05 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 2.69 and a beta of 1.16. The stock has a 50-day simple moving average of $330.32 and a 200-day simple moving average of $337.96. The Sherwin-Williams Company has a 52-week low of $301.58 and a 52-week high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued 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 dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 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.