Hsbc Holdings PLC Trims Stock Holdings in The Sherwin-Williams Company $SHW

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Hsbc Holdings PLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,795 shares of the specialty chemicals company's stock after selling 78,031 shares during the period. Hsbc Holdings PLC owned approximately 0.23% of Sherwin-Williams worth $198,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the 4th 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. First Trust Advisors LP lifted its holdings in shares of Sherwin-Williams by 1,110.7% during the 4th quarter. First Trust Advisors LP now owns 106,575 shares of the specialty chemicals company's stock worth $36,228,000 after acquiring an additional 97,772 shares during the last quarter. Capital World Investors lifted its holdings in shares of Sherwin-Williams by 1.9% during the 4th quarter. Capital World Investors now owns 732,168 shares of the specialty chemicals company's stock worth $248,871,000 after acquiring an additional 13,562 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Sherwin-Williams by 11.7% during the 4th quarter. MML Investors Services LLC now owns 50,039 shares of the specialty chemicals company's stock worth $17,010,000 after acquiring an additional 5,247 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Sherwin-Williams by 102.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,847 shares of the specialty chemicals company's stock worth $6,747,000 after acquiring an additional 10,020 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the company'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 completion of the transaction, the chief accounting officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $359.04 on Tuesday. The company has a market cap of $89.52 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 3.44 and a beta of 1.16. The company has a 50-day moving average price of $346.02 and a 200-day moving average price of $347.79. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion for 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 business's revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $3.70 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Bank of America raised shares of 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. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $388.60.

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.

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