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

Hsbc Holdings PLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 846,534 shares of the specialty chemicals company’s stock, valued at approximately $291,255,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC boosted its position in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares during the period. Ares Financial Consulting LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $28,000. Finally, Tacita Capital Inc purchased a new position in Sherwin-Williams during the 2nd quarter valued at $30,000. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred 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 directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $350.27 on Wednesday. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The business’s fifty day simple moving average is $341.24 and its 200-day simple moving average is $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. The company has a market cap of $85.03 billion, a PE ratio of 32.28, a PEG ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced 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. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the business earned $3.38 EPS. 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. Analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a research report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. BMO Capital Markets restated an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a research note on Monday, June 8th. Finally, Morgan Stanley reiterated 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. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

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.