Quadcap Wealth Management LLC Sells 33 Shares of The Sherwin-Williams Company (NYSE:SHW)

Quadcap Wealth Management LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,582 shares of the specialty chemicals company’s stock after selling 33 shares during the period. Quadcap Wealth Management LLC’s holdings in Sherwin-Williams were worth $878,000 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 SHW. Norges Bank bought a new stake in Sherwin-Williams in the 4th quarter valued at $1,359,747,000. Capital Research Global Investors raised its stake in Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock valued at $1,019,329,000 after acquiring an additional 960,724 shares during the period. Barclays PLC raised its stake in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after acquiring an additional 728,798 shares during the period. Raymond James Financial Inc. bought a new position in Sherwin-Williams during the 4th quarter worth $230,829,000. Finally, Northern Trust Corp increased its position in Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock worth $926,590,000 after buying an additional 595,586 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SHW shares. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Citigroup lowered their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.00.

Sherwin-Williams Stock Up 2.9%

Shares of NYSE SHW opened at $361.45 on Friday. The stock’s fifty day moving average is $341.42 and its 200 day moving average is $355.21. The stock has a market capitalization of $90.58 billion, a P/E ratio of 34.26, a PEG ratio of 2.98 and a beta of 1.25. 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 Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

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.