Hsbc Holdings PLC Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Hsbc Holdings PLC increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 33.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 647,826 shares of the specialty chemicals company's stock after purchasing an additional 160,601 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Sherwin-Williams worth $219,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. grew its stake in shares of Sherwin-Williams by 3.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,828 shares of the specialty chemicals company's stock valued at $5,719,000 after acquiring an additional 583 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Sherwin-Williams by 102.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,847 shares of the specialty chemicals company's stock valued at $6,747,000 after purchasing an additional 10,020 shares in the last quarter. Landing Point Financial Group LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $561,000. MML Investors Services LLC boosted its stake in shares of Sherwin-Williams by 11.7% during the 4th quarter. MML Investors Services LLC now owns 50,039 shares of the specialty chemicals company's stock valued at $17,010,000 after buying an additional 5,247 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Sherwin-Williams by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 70,797 shares of the specialty chemicals company's stock worth $24,066,000 after buying an additional 677 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $322.77 on Tuesday. The business has a 50 day simple moving average of $344.13 and a 200 day simple moving average of $358.32. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market capitalization of $81.18 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the company earned $1.81 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.98%. Sherwin-Williams's payout ratio is 29.95%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHW shares. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $392.50.

About Sherwin-Williams

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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