Hsbc Holdings PLC Purchases 66,874 Shares of The Sherwin-Williams Company (NYSE:SHW)

Hsbc Holdings PLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 18.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 432,236 shares of the specialty chemicals company’s stock after buying an additional 66,874 shares during the quarter. Hsbc Holdings PLC’s holdings in Sherwin-Williams were worth $134,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after acquiring an additional 187,478 shares in the last quarter. FMR LLC grew its position in Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley grew its position in Sherwin-Williams by 1.5% in the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after purchasing an additional 75,571 shares during the period. Norges Bank bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $1,176,356,000. Finally, Clearbridge Investments LLC grew its position in Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after purchasing an additional 116,647 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock traded up $1.75 during mid-day trading on Monday, hitting $304.84. The company had a trading volume of 1,011,100 shares, compared to its average volume of 1,474,598. The company has a market capitalization of $77.29 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.45 and a beta of 1.18. The Sherwin-Williams Company has a 12-month low of $223.28 and a 12-month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average price of $320.47 and a 200 day moving average price of $309.35.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.43 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, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SHW. Wolfe Research began coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Mizuho dropped their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $344.41.

Read Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Profile

(Free Report)

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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