Amundi Decreases Holdings in The Sherwin-Williams Company $SHW

Key Points

• Amundi reduced its holdings in Sherwin-Williams by 40.5%, selling 727,650 shares, leaving it with approximately 1,068,676 shares valued at $364,044,000.
• Sherwin-Williams reported earnings of $3.38 per share for the last quarter, missing estimates by $0.38 and recording a slight revenue increase of 0.6% year-over-year.
• The company announced a quarterly dividend of $0.79 per share, which will be paid out to investors on September 5th, representing an annual yield of 0.9%.

Amundi lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 40.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,068,676 shares of the specialty chemicals company's stock after selling 727,650 shares during the period. Amundi owned about 0.43% of Sherwin-Williams worth $364,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Brighton Jones LLC grew its position in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $331,000. Captrust Financial Advisors grew its holdings in shares of Sherwin-Williams by 15.2% during the fourth quarter. Captrust Financial Advisors now owns 29,448 shares of the specialty chemicals company's stock worth $10,010,000 after purchasing an additional 3,877 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Sherwin-Williams by 6.3% during the fourth quarter. Cetera Investment Advisers now owns 61,674 shares of the specialty chemicals company's stock worth $20,965,000 after purchasing an additional 3,681 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of Sherwin-Williams by 4.8% during the fourth quarter. Colonial Trust Co SC now owns 1,085 shares of the specialty chemicals company's stock worth $369,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. BMO Capital Markets lowered their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group lowered their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $2.80 during trading hours on Monday, hitting $375.23. 1,494,126 shares of the company's stock traded hands, compared to its average volume of 1,796,463. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The stock has a market capitalization of $93.56 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 3.09 and a beta of 1.18. The company has a fifty day simple moving average of $352.81 and a 200-day simple moving average of $348.64. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the prior year, the business earned $3.70 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.8%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.