Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 48,370 Shares of The Sherwin-Williams Company $SHW

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 200.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,493 shares of the specialty chemicals company’s stock after acquiring an additional 48,370 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sherwin-Williams were worth $23,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares during the period. State Street Corp increased its stake in shares of Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after buying an additional 364,832 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after acquiring an additional 37,145 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Sherwin-Williams by 0.3% in the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock valued at $1,188,698,000 after acquiring an additional 11,560 shares in the last quarter. Finally, Norges Bank purchased a new stake in Sherwin-Williams in the fourth quarter worth about $1,089,450,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SHW. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Mizuho lowered their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Citigroup assumed coverage on shares of Sherwin-Williams in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. BMO Capital Markets set a $355.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $368.69.

Sherwin-Williams Trading Down 0.2%

NYSE SHW opened at $351.72 on Friday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a 50 day moving average price of $317.77 and a 200 day moving average price of $331.84. 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 firm has a market cap of $86.75 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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. The business 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 business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.77 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. 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.