Credit Agricole S A Grows Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Credit Agricole S A increased its stake in The Sherwin-Williams Company by 61.6%, owning 57,957 shares valued at $20.2 million as of the latest SEC filing.
• Several institutional investors, including Vanguard and GAMMA Investing LLC, have also made significant increases in their holdings of Sherwin-Williams shares.
• Analysts have mixed sentiments about Sherwin-Williams with a consensus rating of "Moderate Buy" and an average price target of $388.60, indicating potential growth ahead despite recent earnings misses.

Credit Agricole S A raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 57,957 shares of the specialty chemicals company's stock after buying an additional 22,091 shares during the period. Credit Agricole S A's holdings in Sherwin-Williams were worth $20,238,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $27,000. Synergy Investment Management LLC increased its stake in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $30,000. Finally, HWG Holdings LP purchased a new position in shares of Sherwin-Williams in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Citigroup lowered their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report 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 report on Thursday, August 14th. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group lowered their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $388.60.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the company's stock in a transaction 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 owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 2.5%

SHW traded up $9.1350 during trading hours on Friday, reaching $372.9950. The company's stock had a trading volume of 2,298,477 shares, compared to its average volume of 2,073,316. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock has a market cap of $93.00 billion, a PE ratio of 37.00, a P/E/G ratio of 3.02 and a beta of 1.16. The business's 50-day moving average is $347.25 and its 200-day moving average is $348.21. 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 analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations 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 earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.8%. Sherwin-Williams's dividend payout ratio is currently 31.35%.

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.