AG2R LA Mondiale Gestion D Actifs Purchases New Shares in The Sherwin-Williams Company $SHW

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,994 shares of the specialty chemicals company’s stock, valued at approximately $3,227,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC boosted its stake in Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company’s stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Sherwin-Williams by 3.1% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after acquiring an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Sherwin-Williams by 41.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock valued at $927,000 after acquiring an additional 33 shares during the last quarter. Finally, YANKCOM Partnership boosted its stake in Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company’s stock valued at $147,000 after acquiring an additional 34 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. BMO Capital Markets reduced their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.27.

Sherwin-Williams Trading Down 2.2%

Shares of NYSE:SHW opened at $360.59 on Friday. The company has a market cap of $89.91 billion, a PE ratio of 35.77, a P/E/G ratio of 3.06 and a beta of 1.18. The company’s 50-day moving average price is $354.25 and its 200 day moving average price is $349.22. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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). The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. 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 announced 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was 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 company insiders.

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.