Hsbc Holdings PLC bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 846,534 shares of the specialty chemicals company's stock, valued at approximately $291,255,000. Hsbc Holdings PLC owned 0.35% of Sherwin-Williams as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $2,496,000. Kinsale Capital Group Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $4,805,000. Blueline Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $1,694,000. Royal Bank of Canada boosted its stake in Sherwin-Williams by 9.8% in the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company's stock worth $309,832,000 after purchasing an additional 86,254 shares in the last quarter. Finally, BlackRock Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth about $6,100,083,000. 77.67% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SHW has been the subject of a number of analyst reports. Guggenheim started coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They set a "buy" rating and a $400.00 price objective for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the company a "buy" rating in a report on Monday. Jefferies Financial Group reissued a "hold" rating and set a $375.00 price target on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Finally, Citigroup restated a "buy" rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $386.29.
View Our Latest Research Report on Sherwin-Williams
Insider Activity at Sherwin-Williams
In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.
Sherwin-Williams Trading Up 1.0%
Sherwin-Williams stock opened at $350.27 on Wednesday. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 2.58 and a beta of 1.10. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The firm has a 50 day moving average of $341.24 and a 200 day moving average of $332.43. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's payout ratio is 29.49%.
Sherwin-Williams Profile
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Free Report)
Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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