Bank of Montreal Can Sells 20,597 Shares of The Sherwin-Williams Company $SHW

Key Points

• Bank of Montreal Can sold 20,597 shares of The Sherwin‑Williams Company (a 4.9% reduction), leaving it with 396,048 shares worth about $137.14 million, or ~0.16% of the company.
• Large institutions largely added to or initiated positions (e.g., Norges Bank’s new ~$1.30B stake; Viking Global, Amundi, JPMorgan and DZ BANK all increased holdings), and analysts hold a “Moderate Buy” consensus with an average target of $388.21 (11 Buys, 4 Holds, 1 Sell).
• Sherwin‑Williams beat quarterly expectations (EPS $2.23 vs. $2.16; revenue $5.60B, +5.6% YoY) and raised its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield).

Bank of Montreal Can reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 396,048 shares of the specialty chemicals company's stock after selling 20,597 shares during the period. Bank of Montreal Can owned about 0.16% of Sherwin-Williams worth $137,136,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in Sherwin-Williams in the 2nd quarter valued at $1,296,565,000. Viking Global Investors LP increased its position in Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock valued at $672,213,000 after purchasing an additional 985,520 shares during the period. Amundi boosted its stake in shares of Sherwin-Williams by 55.8% during the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company's stock valued at $587,047,000 after purchasing an additional 596,657 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sherwin-Williams by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company's stock valued at $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company's stock worth $1,334,918,000 after buying an additional 351,453 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an "outperform" rating in a research report on Friday, January 30th. Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. Citigroup restated a "buy" rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Sherwin-Williams from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $388.21.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $330.57 on Wednesday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The business's fifty day simple moving average is $352.42 and its 200-day simple moving average is $345.21. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The company has a market cap of $81.77 billion, a PE ratio of 32.19, a PEG ratio of 2.89 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter last year, the firm earned $2.09 EPS. The business's quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.80 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams's dividend payout ratio is 31.16%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan J. Young sold 2,513 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams 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.

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