Louisiana State Employees Retirement System Purchases New Position in The Sherwin-Williams Company $SHW

Louisiana State Employees Retirement System purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,700 shares of the specialty chemicals company’s stock, valued at approximately $3,750,000.

Other large investors have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at $30,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams in the fourth quarter worth $31,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $33,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a research report on Monday, June 8th. Bank of America lowered their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Weiss Ratings downgraded Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $368.69.

Sherwin-Williams Stock Up 1.7%

Shares of NYSE:SHW opened at $344.84 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The stock has a market cap of $85.05 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.97 and a beta of 1.12. The company has a 50 day moving average of $316.88 and a 200-day moving average of $331.11. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business posted $2.25 earnings per share. Sherwin-Williams’s revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid 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 is 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.