Quantbot Technologies LP Has $1.17 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Quantbot Technologies LP boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 53.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,449 shares of the specialty chemicals company’s stock after buying an additional 1,201 shares during the period. Quantbot Technologies LP’s holdings in Sherwin-Williams were worth $1,172,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Adams Natural Resources Fund Inc. boosted its position in shares of Sherwin-Williams by 3.6% during the 4th quarter. Adams Natural Resources Fund Inc. now owns 23,000 shares of the specialty chemicals company’s stock valued at $7,818,000 after purchasing an additional 800 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $347,000. TD Private Client Wealth LLC boosted its holdings in shares of Sherwin-Williams by 17.6% during the 4th quarter. TD Private Client Wealth LLC now owns 4,007 shares of the specialty chemicals company’s stock worth $1,362,000 after buying an additional 600 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $28,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Sherwin-Williams by 42.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 21,949 shares of the specialty chemicals company’s stock valued at $7,461,000 after acquiring an additional 6,569 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Sherwin-Williams Trading Down 0.4 %

Shares of SHW stock opened at $341.20 on Wednesday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a 50-day simple moving average of $354.10 and a two-hundred day simple moving average of $364.35. 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 market capitalization of $85.82 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.98 and a beta of 1.23.

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

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

Insider Activity

In related 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 value of $1,008,479.70. Following the completion of the sale, the insider now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

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.