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

TD Waterhouse Canada Inc. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,701 shares of the specialty chemicals company’s stock after selling 1,960 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sherwin-Williams were worth $6,323,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. Wellington Management Group LLP boosted its stake in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after acquiring an additional 1,593,009 shares in the last quarter. Amundi boosted its stake in shares of Sherwin-Williams by 20.6% during the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after acquiring an additional 376,505 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth $547,097,000. Finally, Legal & General Group Plc acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth $459,652,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.0%

SHW opened at $331.89 on Tuesday. The company has a market capitalization of $80.57 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. 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 Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The business has a 50-day moving average of $332.85 and a 200-day moving average of $328.50.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.09 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were 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 was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling

In other news, insider Justin Binns sold 13,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following 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 position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. DA Davidson set a $400.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, August 24th. UBS Group set a $363.00 price objective on shares of Sherwin-Williams and gave the company a “neutral” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sherwin-Williams from $355.00 to $375.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Barclays set a $348.00 target price on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a report on Monday, October 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $375.00 price target (up from $360.00) on shares of Sherwin-Williams in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $382.08.

Sherwin-Williams Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.