Hsbc Holdings PLC Acquires 44,758 Shares of The Sherwin-Williams Company $SHW

Hsbc Holdings PLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 846,534 shares of the specialty chemicals company’s stock after purchasing an additional 44,758 shares during the period. Hsbc Holdings PLC owned approximately 0.35% of Sherwin-Williams worth $291,255,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Wilkerson Advisory Group LLC grew its stake 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 worth $25,000 after buying an additional 50 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams in the 4th quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the first quarter valued at about $28,000. Tacita Capital Inc acquired a new stake in shares of Sherwin-Williams during the second quarter valued at about $30,000. Finally, Eastern Bank grew its holdings in shares of Sherwin-Williams by 50.8% during the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 30 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams 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 completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Down 0.1%

NYSE:SHW opened at $333.51 on Monday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The firm’s fifty day moving average is $343.07 and its 200-day moving average is $330.88. The firm has a market cap of $80.96 billion, a P/E ratio of 30.74, a P/E/G ratio of 2.49 and a beta of 1.09.

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 analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Guggenheim assumed coverage on shares of Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a report on Wednesday, July 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $390.00 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 given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target 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.