Caisse DE Depot ET Placement DU Quebec Has $32.48 Million Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its stake in Sherwin-Williams by 128.1%, acquiring 52,241 shares to bring its total holdings to 93,021 shares valued at $32.48 million.
• Several institutional investors, including Vanguard and Price T Rowe Associates, also expanded their investments in Sherwin-Williams during the first quarter of this year.
• Sherwin-Williams reported earnings of $3.38 per share for the recent quarter, missing analyst expectations, despite having a revenue of $6.31 billion that matched forecasts.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 128.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,021 shares of the specialty chemicals company's stock after acquiring an additional 52,241 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Sherwin-Williams were worth $32,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the first quarter valued at about $27,000. Synergy Investment Management LLC raised its holdings in 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 in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams during the first quarter valued at about $30,000. Finally, HWG Holdings LP bought a new position in Sherwin-Williams during the first quarter valued at about $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The shares were 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 of the company's stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

SHW stock traded down $0.26 during trading on Friday, reaching $365.92. 1,328,498 shares of the stock were exchanged, compared to its average volume of 2,017,761. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market capitalization of $91.24 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 3.04 and a beta of 1.16. The stock has a 50 day simple moving average of $350.69 and a 200-day simple moving average of $348.32. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued 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 of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho cut their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. UBS Group dropped their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Evercore ISI lifted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Finally, Citigroup dropped their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Sherwin-Williams 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.