TD Waterhouse Canada Inc. Acquires 3,700 Shares of The Sherwin-Williams Company $SHW

TD Waterhouse Canada Inc. increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 20.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,661 shares of the specialty chemicals company’s stock after buying an additional 3,700 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sherwin-Williams were worth $7,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $6,100,083,000. Norges Bank acquired a new position in Sherwin-Williams during the fourth quarter worth $1,089,450,000. Wellington Management Group LLP lifted its holdings in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after acquiring an additional 1,593,009 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $547,097,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $459,652,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.4%

Shares of NYSE SHW opened at $333.51 on Friday. The firm’s 50-day simple moving average is $343.07 and its 200 day simple moving average is $331.14. The company has a market cap of $80.96 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Analyst Upgrades and Downgrades

SHW has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. DA Davidson set a $400.00 price objective on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, August 24th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company set a $360.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $386.29.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction dated 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 transaction, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total value 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 company insiders.

Sherwin-Williams Company 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.