Banque Transatlantique SA Raises Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Banque Transatlantique SA increased its stake in The Sherwin-Williams Company by 86.7%, owning a total of 2,003 shares worth $646,000 after purchasing 930 additional shares in the first quarter.
• Insider trading activity included Justin T. Binns selling 609 shares and James P. Lang selling 860 shares, indicating notable decreases in their ownership of the company's stock.
• Analysts have recently upgraded their ratings on Sherwin-Williams, with Bank of America shifting from "underperform" to "neutral" and raising the price target from $296 to $375.

Banque Transatlantique SA lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 86.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,003 shares of the specialty chemicals company's stock after purchasing an additional 930 shares during the period. Banque Transatlantique SA's holdings in Sherwin-Williams were worth $646,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SHW. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the 1st quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC increased its stake in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new stake in Sherwin-Williams in the first quarter worth $33,000. 77.67% of the stock is owned by institutional investors.

Insider Activity

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

Sherwin-Williams Stock Down 4.4%

SHW stock traded down $16.50 on Tuesday, reaching $358.73. 1,065,176 shares of the company traded hands, compared to its average volume of 1,792,144. The firm has a fifty day simple moving average of $353.45 and a 200-day simple moving average of $348.85. The company has a market cap of $89.44 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. 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 released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm posted $3.70 earnings per share. The company's revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHW shares. Citigroup reduced their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. UBS Group reduced their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective 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. Evercore ISI lifted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

About Sherwin-Williams

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.