Quantbot Technologies LP Has $10.90 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Quantbot Technologies LP grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 166.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,533 shares of the specialty chemicals company’s stock after buying an additional 22,797 shares during the period. Sherwin-Williams makes up approximately 0.5% of Quantbot Technologies LP’s holdings, making the stock its 12th biggest position. Quantbot Technologies LP’s holdings in Sherwin-Williams were worth $10,903,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. HHM Wealth Advisors LLC boosted its position in Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the period. VitalStone Financial LLC grew its stake in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new position in Sherwin-Williams in the 2nd quarter worth $38,000. Meeder Asset Management Inc. bought a new stake in Sherwin-Williams during the second quarter valued at about $41,000. Finally, Northwest Investment Counselors LLC bought a new stake in Sherwin-Williams during the first quarter valued at about $47,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $375.40 on Monday. The business has a 50 day simple moving average of $346.75 and a 200 day simple moving average of $326.70. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The company has a market capitalization of $94.70 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $378.86.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. KeyCorp boosted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI upped their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.