The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Qtron Investments LLC

Qtron Investments LLC lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,168 shares of the specialty chemicals company’s stock after selling 830 shares during the quarter. Qtron Investments LLC’s holdings in Sherwin-Williams were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SHW. Rockefeller Capital Management L.P. lifted its position in Sherwin-Williams by 7.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 74,398 shares of the specialty chemicals company’s stock worth $25,291,000 after acquiring an additional 4,852 shares during the period. NFP Retirement Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $1,850,000. Sterling Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,250 shares of the specialty chemicals company’s stock worth $3,144,000 after purchasing an additional 565 shares during the period. Elios Financial Group Inc. grew its position in Sherwin-Williams by 5.2% in the 4th quarter. Elios Financial Group Inc. now owns 3,978 shares of the specialty chemicals company’s stock valued at $1,352,000 after buying an additional 196 shares during the last quarter. Finally, Heritage Trust Co acquired a new position in Sherwin-Williams in the 4th quarter valued at $3,749,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SHW shares. JPMorgan Chase & Co. boosted 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. Citigroup reduced their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $393.31.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $337.11 on Friday. The firm has a market capitalization of $84.79 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a 50 day moving average price of $347.47 and a 200 day moving average price of $360.37. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned $1.81 earnings per share. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Sherwin-Williams Company Profile

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.