Federation des caisses Desjardins du Quebec Sells 6,689 Shares of The Sherwin-Williams Company $SHW

Key Points

• Federation des caisses Desjardins du Quebec reduced its shareholding in Sherwin-Williams by 35.4%, selling 6,689 shares and holding 12,184 shares valued at approximately $4.26 million.
• Sherwin-Williams has experienced a decrease in several analysts' price targets, with UBS and Wells Fargo adjusting theirs to $395 and $400, respectively, while maintaining "buy" or "overweight" ratings.
• The company announced a quarterly dividend of $0.79 per share, equating to an annualized amount of $3.16 and a dividend yield of 0.9%, with a payout ratio of 31.35%.

Federation des caisses Desjardins du Quebec lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,184 shares of the specialty chemicals company's stock after selling 6,689 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Sherwin-Williams were worth $4,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the period. Price T Rowe Associates Inc. MD grew its position in Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after buying an additional 1,505,341 shares during the period. Nuveen LLC bought a new position in Sherwin-Williams in the first quarter worth approximately $265,510,000. National Bank of Canada FI boosted its stake in shares of Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock worth $214,883,000 after acquiring an additional 424,930 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Sherwin-Williams by 45.0% in the 1st quarter. Wellington Management Group LLP now owns 1,163,880 shares of the specialty chemicals company's stock worth $406,415,000 after purchasing an additional 361,113 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction dated 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 owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company's stock, valued at approximately $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 corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHW shares. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. UBS Group lowered their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Citigroup reduced 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. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note 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 given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $13.86 during trading hours on Tuesday, hitting $361.37. The stock had a trading volume of 2,184,908 shares, compared to its average volume of 1,795,661. The stock's 50-day moving average price is $353.45 and its two-hundred day moving average price is $348.85. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a market capitalization of $90.10 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.09 and a beta of 1.18. 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 quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the prior year, the business earned $3.70 EPS. The business's quarterly 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. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

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.