The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 71.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,656 shares of the specialty chemicals company’s stock after selling 24,069 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Sherwin-Williams were worth $3,282,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $36,000. WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 1.4%

NYSE:SHW opened at $350.99 on Thursday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock’s 50 day simple moving average is $341.35 and its 200-day simple moving average is $355.22. The firm has a market cap of $87.96 billion, a P/E ratio of 33.27, a PEG ratio of 2.98 and a beta of 1.25.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams’s payout ratio is currently 29.87%.

Analysts Set New Price Targets

A number of research firms have recently commented on SHW. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. UBS Group dropped their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a report on Tuesday, April 15th. Finally, Citigroup cut their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams 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.