The Sherwin-Williams Company $SHW Stake Raised by Amundi

Amundi increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 55.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665,333 shares of the specialty chemicals company’s stock after buying an additional 596,657 shares during the quarter. Amundi owned about 0.67% of Sherwin-Williams worth $587,047,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in Sherwin-Williams by 6.7% in the 1st quarter. Atria Wealth Solutions Inc. now owns 8,911 shares of the specialty chemicals company’s stock valued at $3,111,000 after buying an additional 562 shares in the last quarter. Vanguard Group Inc. increased its stake in Sherwin-Williams by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after buying an additional 245,896 shares during the period. Exencial Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 45.3% during the 1st quarter. Exencial Wealth Advisors LLC now owns 6,941 shares of the specialty chemicals company’s stock worth $2,424,000 after buying an additional 2,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sherwin-Williams by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock worth $536,495,000 after buying an additional 64,325 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. Bank of America dropped their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Tuesday. Citigroup reissued a “neutral” rating and issued a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Mizuho set a $400.00 target price on Sherwin-Williams in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams Trading Down 1.3%

Shares of SHW opened at $334.98 on Friday. The business’s 50-day moving average price is $338.22 and its 200 day moving average price is $347.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $83.04 billion, a P/E ratio of 32.68, a P/E/G ratio of 4.00 and a beta of 1.24. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $391.52.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts expect 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 will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

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.