The Sherwin-Williams Company $SHW Stock Position Increased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Sherwin-Williams position by 20.6% in the second quarter, adding 3,700 shares to hold 21,661 shares valued at approximately $7.5 million. Institutional investors and hedge funds own 77.67% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $386.29. Recent targets range from $360 to $420.
• Sherwin-Williams exceeded quarterly expectations with $3.70 in EPS and $6.79 billion in revenue, while reporting 7.5% year-over-year revenue growth. The company also declared a quarterly dividend of $0.80 per share, representing a 1.0% annual yield.

TD Waterhouse Canada Inc. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,661 shares of the specialty chemicals company's stock after acquiring an additional 3,700 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Sherwin-Williams were worth $7,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in Sherwin-Williams in the 4th quarter worth approximately $2,496,000. Kinsale Capital Group Inc. acquired a new stake in Sherwin-Williams during the 4th quarter valued at $4,805,000. Blueline Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $1,694,000. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams in the second quarter valued at $6,100,083,000. Finally, Royal Bank of Canada boosted its position in shares of Sherwin-Williams by 9.8% in the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company's stock worth $309,832,000 after buying an additional 86,254 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a research note on Wednesday, July 29th. UBS Group reiterated a "neutral" rating and issued a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, BMO Capital Markets restated an "outperform" rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $386.29.

Sherwin-Williams Price Performance

SHW opened at $333.51 on Friday. The stock has a fifty day moving average price of $343.07 and a 200 day moving average price of $331.14. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The stock has a market cap of $80.96 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.49 and a beta of 1.09.

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 the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts forecast that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling

In related news, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 13,500 shares of the company's stock in a transaction dated Monday, August 17th. The stock was 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 of the company's stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.

Sherwin-Williams Company Profile

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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