Thrivent Financial for Lutherans Purchases 8,715 Shares of The Sherwin-Williams Company $SHW

Thrivent Financial for Lutherans grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 40.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,475 shares of the specialty chemicals company’s stock after purchasing an additional 8,715 shares during the period. Thrivent Financial for Lutherans’ holdings in Sherwin-Williams were worth $9,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $23,468,000. New York Life Investment Management LLC boosted its stake in shares of Sherwin-Williams by 1.5% in the 4th quarter. New York Life Investment Management LLC now owns 34,570 shares of the specialty chemicals company’s stock valued at $11,202,000 after purchasing an additional 496 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Sherwin-Williams by 8.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 7,122 shares of the specialty chemicals company’s stock valued at $2,308,000 after purchasing an additional 545 shares in the last quarter. SFE Investment Counsel boosted its stake in shares of Sherwin-Williams by 47.1% in the 4th quarter. SFE Investment Counsel now owns 2,788 shares of the specialty chemicals company’s stock valued at $903,000 after purchasing an additional 893 shares in the last quarter. Finally, Biltmore Family Office LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $223,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. 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 note on Thursday, April 2nd. Citigroup cut their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada cut their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. JPMorgan Chase & Co. cut their target price 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, Bank of America cut their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $375.33.

Sherwin-Williams Trading Down 1.4%

NYSE:SHW opened at $298.65 on Wednesday. The Sherwin-Williams Company has a 52 week low of $294.32 and a 52 week high of $379.65. The firm’s fifty day moving average is $321.85 and its 200-day moving average is $336.10. The firm has a market cap of $73.66 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share 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 the consensus estimate of $5.56 billion. During the same quarter last year, the firm earned $2.25 earnings per share. Sherwin-Williams’s quarterly revenue 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 analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

Sherwin-Williams Company Profile

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.