Hsbc Holdings PLC Has $291.25 Million Stock Holdings in The Sherwin-Williams Company $SHW

Hsbc Holdings PLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the second quarter, Holdings Channel reports. The institutional investor owned 846,534 shares of the specialty chemicals company’s stock after buying an additional 44,758 shares during the quarter. Hsbc Holdings PLC’s holdings in Sherwin-Williams were worth $291,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilkerson Advisory Group LLC boosted its stake in Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in Sherwin-Williams during the first quarter worth $28,000. Tacita Capital Inc purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $30,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.1%

NYSE SHW opened at $333.51 on Monday. The stock has a market capitalization of $80.96 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.49 and a beta of 1.09. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The business’s fifty day moving average is $343.07 and its 200-day moving average is $330.88.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SHW. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. DA Davidson set a $400.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, August 24th. UBS Group restated a “neutral” rating and set a $390.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $386.29.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin Binns sold 13,500 shares of the business’s stock in a transaction on 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 directly owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s 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 transaction, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams 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.