News Summary
PositiveSherwin-Williams delivered a strong Q2 2026 beat (EPS $3.70 vs. $3.50 est.) with 7.5% sales growth and raised full-year guidance to $11.80–$12.20 adjusted EPS, demonstrating outperformance despite weak demand. However, elevated SG&A expenses from Suvinil integration and new Cleveland headquarters, mixed analyst actions (Citigroup cut to $400, Wells Fargo to $340), and notable insider selling in August warrant caution ahead of Q3 results on October 27.
Red flags
- •Rising SG&A costs from Suvinil acquisition integration and global headquarters expansion creating margin pressure
- •Mixed analyst sentiment with two price target cuts in September despite strong Q2 execution
- •Insider selling activity (Karl Jorgenrud and Justin Binns) in August at $352.70, suggesting potential valuation concerns among company leadership
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 3.9M | +763K | $1.3B | 3.8% | +25% | Existing |
| D1 Capital | Dan Sundheim | 1.3M | +779K | $431M | 1.2% | +164% | Existing |
| Maverick Capital | Lee Ainslie | 575K | +183K | $198M | 1.8% | +47% | Existing |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where SHW ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #4 of this fund's book
- 1VISA INC$2,194M
- 2TAIWAN SEMICONDUCTOR MANUFAC$1,513M
- 3AIR PRODUCTS AND CHEMICALS I$1,390M
- 4SHERWIN WILLIAMS CO$1,335M
- 5FORTIVE CORP$1,218M
- 6META PLATFORMS INC$1,052M
- 7SCHWAB CHARLES CORP$982M
position #9 of this fund's book
- 6MERCADOLIBRE INC$471M
- 7US FOODS HLDG CORP$460M
- 8DANAHER CORP DEL$435M
- 9SHERWIN WILLIAMS CO$431M
- 10REDDIT INC$428M
- 11THERMO FISHER SCIENTIFIC INC$410M
- 12KILROY REALTY CORP$393M
position #24 of this fund's book
- 21DPC HOLDINGS PLC$252M
- 22SNOWFLAKE INC$249M
- 23INSMED INC$229M
- 24SHERWIN WILLIAMS CO$198M
- 25CAMDEN PPTY TR$195M
- 26VULCAN MATLS CO$188M
- 27CARVANA CO$174M
Values are quarter-end position sizes. Shown only for funds where SHW ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Vanguard Capital Management | SC 13G | 17.4M | 7.0% | 2026-04-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.